New LUii Report Shows Every Fifth Swedish Young Adult Has Payment Problems

Approximately every fifth Swedish young adult (18-25) have experienced recurring problems paying bills in the past year. Furthermore, those with recurring payment problems tend more often to buy more than planned; are less likely to have a social network to talk to about financial problems; are less likely to have friends that would help them financially – than those who did not experience any payment problems.

This is found in a new study from Lund University Internet Institute (LUii), funded by the Swedish Enforcement Authority. In autumn 2015 the team carried out a survey of over 1100 young adult Swedes.
“While young adults are often already in a financially dynamic and sometimes bumpy period in life, the results nevertheless indicate that payment problems also have a social dimension to them that requires more studies to be understood and dealt with”, says Associate Professor Stefan Larsson leading the study.
The study also included interviews with municipal financial counsellors who suggests that young adults largely do not seek help even though much points to the need, which may manifest itself later in life when the exclusive economic problems have become even more difficult.
“The debt trap can be life-long and it is possible to identify risk factors – which speaks for the need for preventive and earlier efforts,” says Dr. Lupita Svensson, responsible for the interview survey.

The study was one of two that were funded in 2015 as part of the Enforcement Authority’s research efforts and preventive measures against over-indebtedness.

The report can be downloaded in full text [pdf]: Digital Consumption and Over-Indebtedness Among Young Adults in Sweden.

Contact: stefan.larsson [at]; lupita.svensson [at]

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