Is it optimal to be debt free?

September is soon over and it’s time again to share the most interesting news with you. We have therefore once again compiled our top financial articles for you, so you can quickly get an overview of the most interesting news of the past month.

As always, we share our top five articles and you can always click through to the original story if you want the whole news with.

Is your money worth less too?

Is your money worth less too?

The Danes have become very good at saving, which is a good thing, but if the savings are just gathering dust in an account, there may be room for improvement.

That fact rounds out Risager. He recommends saving some of his savings for unexpected expenses. For example, if the refrigerator is smoking. However, the rest of the fortune, the part that you probably do not need, can advantageously work to be bigger.

Danes’ wealth is rising

A new estimate from Cepos shows that the average net wealth of the Danes has increased by 8% from 2015 to 2017. That means that on average we each got USD 100,000 more to deal with. It may play a role in the government’s proposal for the Finance Act.

According to the government, inequality is increasing, but Torben M. Andersen, the economist and professor of economics, does not agree, pointing out that the pension contributes to distributing wealth more evenly.

Is it optimal to be debt free?

bank

For most people, debt is something you want to avoid. Today, however, the financial world has turned upside down, and it costs money to have money in the bank, and in some places, you are even paid to borrow.

Helle Snedker gives an example of how you can still be interest-sensitive, even if you are debt-free. Therefore, it may be more advantageous to make sure you have the right loans and then speculate on investing excess funds.

The Consumer Ombudsman warns on loan brokerage sites

The Consumer Ombudsman warns on loan brokerage sites

The Consumer Ombudsman has launched a study focusing on loan brokerage websites and compliance with the Marketing Act. The study includes 141 websites, but there has not been an individual assessment of the individual pages.

However, the Consumer Ombudsman finds that not all websites meet all the information requirements. Therefore, the Consumer Ombudsman has issued a press release and a letter pointing out the rules that apply under the Marketing Act.

The OPP is too abstract

As the vast majority of Danes do not know what ÅOP stands for and how it should be used in the loan context, Carsten Tanggaard, professor of finance and chairman of the Monetary and Pensions Panel, suggests that the price of the loan should be made clear.

This will give users a better understanding of how expensive it is for them to take out a quick loan. He proposes that the mortgage companies should disclose the AOC, which is what a loan costs after a year has passed.

Carsten Tanggaard’s proposal is communicated in Politiken in the article: Loans 5,000 and pay 30,000: How to warn young people against quick loans.

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February 5, 2020