Money matters will arouse the interest of readers on Monday Helsingin sanomat newspaper includes a story about a family of four who can save 600 euros a month despite the fact that two adults in the family have “regular” jobs as a waitress and truck driver.
Parents bring together a net salary of € 3,500 a month and report their savings rate on a frugal mindset and the fact that they don’t pay for the services they provide themselves, including car maintenance and undervaluation.
According to Statistics Finland, the median net salary for a dual-income family with two children in Finland is 5,100 euros per month.
Property rentals and a broken housing market
Another HS money story the focus is on homeowners whose buildings are in public ownership. Some of these landlords have suffered a nasty surprise as old land leases expire and new leases can significantly raise condominium fees. Rent increases typically result in owners having to pay an extra euro per square meter each month Juhana Brotherus, chief economist at mortgage lenders Hypo Bank.
Land rental is a significant source of income for the City of Helsinki. The increases launched at the end of this year alone are expected to channel an additional € 7 million into the city’s coffers in 2021.
Business magazine Economic life for its part, reports that the Finnish housing market is not functioning and cites an interview with a former senior official from the Ministry of Finance. The article states that the rental market in Helsinki is larger than, for example, Stockholm. According to the newspaper, the state spent € 2.1 billion on low-income housing subsidies in 2018, citing a recent report that taxpayers collect 28 percent of all rents paid in the country.
The virus returns to the elderly
In the virus news, the epidemic once again affects the elderly in Finland, he says Evening News.
Infections have clearly increased among those aged 60-69, while in the 70-79 series, the incidence is gradually increasing according to figures summarized by the tabloid.
But there is also a bright point. Cases in those over 80 have declined, while infections in those aged 60 and over are nowhere near as high as during the spring peak, writes IS.