However, the debt ratio has stopped growing as of 2011 and the Riksbank’s forecast for the coming three years is for an unchanged debt ratio. Households have total assets, excluding collective pension insurances, that have grown in line with their debt and they are approximately 510 per cent of disposable incomes, that is, three times as large as their debt. Households’ gross solvency, net assets (own capital) in relation to total assets, is thus approximately 70 per cent. The relationship between household debt and financial and real assets (the latter consisting of own homes, second homes and tenant-owned apartments) has been relatively stable and without a trend for several decades. Households’ increased debt in relation to disposable incomes has thus been accompanied by a corresponding increase in net wealth in relation to disposable income. Households also have collective pension claims of more than 120 per cent of their disposable income.
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