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Danes have more money than before the COVID-19 pandemic

Christian Wenande
December 28th, 2020


This article is more than 4 years old.

Strong performance of financial markets has offset introduction of restrictions, according to National Bank

Danish wealth growing despite pandemic (photo: Pixabay)

According to a new report from the National Bank, the Danes have amassed more wealth than they had before the Coronavirus Crisis started.

The report (here in English) showed that the financial net wealth of Danish households  increased by 362 billion kroner in the third quarter and thereby reached kr. 5,657 billion in total.

The report also found that because many Danes have financial assets linked to shares or bonds, the development of financial markets is paramount to their net wealth.

READ ALSO: Denmark unveils tougher travel restrictions for UK-based foreigners 

Good times set to continue
The National Bank predicted that the positive trend will continue in the fourth quarter of 2020.

“The upward trend in the financial markets continued into the fourth quarter despite rising infection rates and the introduction of new restrictions,” the report found.

“At the same time, the possibility of withdrawing frozen holiday pay has led to kr. 52 billion before taxes being paid out since October, which helped raise bank deposits over 1 trillion.”

Read the entire report here.

(photo: National Bank)


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A survey carried out by Megafon for TV2 has found that 71 percent of parents have handed over children to daycare in spite of them being sick.

Moreover, 21 percent of those surveyed admitted to medicating their kids with paracetamol, such as Panodil, before sending them to school.

The FOLA parents’ organisation is shocked by the findings.

“I think it is absolutely crazy. It simply cannot be that a child goes to school sick and plays with lots of other children. Then we are faced with the fact that they will infect the whole institution,” said FOLA chair Signe Nielsen.

Pill pushers
At the Børnehuset daycare institution in Silkeborg a meeting was called where parents were implored not to bring their sick children to school.

At Børnehuset there are fears that parents prefer to pack their kids off with a pill without informing teachers.

“We occasionally have children who that they have had a pill for breakfast,” said headteacher Susanne Bødker. “You might think that it is a Panodil more than a vitamin pill, if it is a child who has just been sick, for example.”

Parents sick and tired
Parents, when confronted, often cite pressure at work as a reason for not being able to stay at home with their children.

Many declare that they simply cannot take another day off, as they are afraid of being fired.

Allan Randrup Thomsen, a professor of virology at KU, has heavily criticised the parents’ actions, describing the current situation as a “vicious circle”.

“It promotes the spread of viruses, and it adds momentum to a cycle where parents are pressured by high levels of sick-leave. If they then choose to send the children to daycare while they are still recovering, they keep the epidemic going in daycares, and this in turn puts a greater burden on the parents.”