One thing that I have been learning a lot about this week is the financial system that Sweden has in place. When I was contemplating my initial move and began to research the financial system in Sweden I was shocked by the levels of tax that the Swedes pay, however I was totally unaware of the way that the high monies that are paid are put back into the country to maintain a good standard of life.
Currently the level of unemployment in Sweden is around 9% compared with 7.8% in the UK. The UK does have a lot more in the way of opportunities to find work but this Labour government have seriously lied about just how many are out of work.
Tax here is 17.5% and I know that I will be doing a lot of my shopping for certain goods on my trips back to the UK (I still cannot believe how much tax is put on toiletries in Sweden!). But one main difference between Sweden and the UK is how to deal with finances in your later life. It seems that the majority of people in the UK that are my age have no or little plans for their financial future. I have been quite smart and started pensions since the age of 18 so I should be ok. Most of my friends are either relying on a property inheritance or some kind of monetary inheritance. This is something I personally disagree with as why should we inherit something that our parents spent our entire lives working and sweating for?!
So moving to Sweden will hit me hard financially which is why I am already making plans to sustain an extra income in the way of launching not only my poetry website but two other businesses as well. In the long run things will be better there. Rent and buying is far cheaper than it is here in London so I don’t think I will see much of a difference.
Sweden is far from being a country where everything smells of roses. It’s a country that has just as many problems as the rest of the world. Yet it’s the really small things that make me want to move and nothing is going to change my mind.