They’re Richer Than Ever, But Danes Are Sitting on Their Wealth
A pedestrian walks past a branch of Danske Bank A/S in Copenhagen.
Photographer: Chris Ratcliffe/Bloomberg
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In the world-record holder of negative rates, there’s been another eye-catching development.
Danes are richer than ever before, according to central bank data on savings and home equity. But they’re spending less, in relative terms. The gap between private consumption and household wealth is the biggest it’s been in three decades.