Since 2008 when wealth taxation was abolished, households' bank savings have been at a lower level during the first quarter compared the other quarters of the year. During the first quarter households' holdings in bank accounts increased by SEK 9 billion. This was an unusually large inflow, and the increase was the largest during a first quarter since wealth taxation was abolished.
Low increase in debt
During the first three months of this year, households continued to take out new loans at a higher rate than they paid off their loans. This led to an increase in loans of SEK 27 billion. However, the increase in loans was the lowest in eight years. Above all, households' increase in loans continued to decrease with housing credit institutions. During the first quarter households' loans with housing credit institutions increased by SEK 11 billion. The total annual growth rate increase for all types of loans is now at 5 percent. In 2008 the growth rate increase was 10 percent.