Over-indebtedness, consumption and assets, Slovenia, 2020
64% of households with no loans or purchases in instalments in 2020
In 2020, 36% of households were repaying at least one loan or purchase in instalments. Household expenditure on food and non-alcoholic beverages at home averaged EUR 306 in a typical month. 56% of households could maintain the same standard of living using only savings for a maximum of two months.
Most households not in arrears on non-housing bills
Non-housing bills (telephone bills, internet, television, kindergarten, school meals, health insurance, tuition fees, etc.) at least ones were not paid on schedule by 6% of households in the last 12 months before the survey in 2020; 93% of households were not in arrears on such bills, and 1% of households did not have such costs at all.
Comparing data by different types of households, we see that the share of households in arrears on non-housing bills was the highest in single-parent households (14% of such households were late) and the lowest in households with two adults without dependent children (4%). However, data on the accommodation tenure status of households show that the share of households in arrears on non-housing bills was the highest among tenants.
More than a third of households were repaying at least one loan or purchase in instalments
In 2020, 64% of households in Slovenia did not have any loans or instalment purchase, while 36% of households were repaying at least one loan or instalment purchase, excluding the mortgage loan for the dwelling in which they were living.
In 2020, 26% of households were repaying one loan, 8% two loans and 3% three or more loans.
Households with incomes below the at-risk-of-poverty threshold were repaying fewer loans/instalments (16% of such households had at least one loan/instalment) than households with incomes above the at-risk-of-poverty threshold (41%).
Among all households in Slovenia, indebtedness with loans or instalment purchases in 2020 was as follows:
The largest share of households was repaying loans to buy a car or other means of transport
If we consider only households who were repaying at least one loan or instalment (36%) (excluding mortgage for the main dwelling), most of them were repaying loans or leasing for the purchase of a car or other means of transport (52%). If we compare the data of those 52% of households by different types of households, we see that the share of households with such loans was the highest among households with at least three adults with dependent children (65%) and the lowest in single-parent households (36%).
In 2020, 47% of households with at least one loan were repaying loans (non-mortgage) for the purchase or renovation of a home or the purchase of other real estate or purchases in instalments for furniture, home furnishings and household appliances. If we compare the data of those households who were repaying a loan or purchase in instalments in connection with property by the tenure status of households, we see that users had the most of such loans/repayments (52%), followed by homeowners (48%) and tenants (32%).
Among households with at least one loan or instalment in 2020, 4% of households had a loan/instalment to settle daily expenses, and 1% each had loans or repaid instalments for holidays, health care, education, financing business activities, and refinancing another loan. 13% of households were indebted for other purposes not previously mentioned (including loans to help relatives or friends).
For indebted households, the average monthly instalment for loan repayment(s) was EUR 260
The same household can be indebted to several different lenders. In 2020, 69% of indebted households had at least one loan from a bank or other financial institution. 1% of indebted households had a loan/instalment at a pawn shop or other lender, and 1% of households borrowed money from relatives, friends and acquaintances. 41% of indebted households had a loan or purchase in instalments directly from the supplier of goods or services or borrowed elsewhere.
The average monthly amount that indebted households had to repay for at least one loan/instalment was EUR 260. Households in the lowest quintile (20% of households with the lowest incomes) paid on average EUR 179 per month and households in the highest quintile EUR 336 per month.
Four-member households spent 1.8 times as much on food and non-alcoholic beverages at home in a typical month as one-member households
All households in Slovenia had expenditure on food and non-alcoholic beverages at home. On average, they spent EUR 306 in a typical month in 2020. One-member households spent on average EUR 208, two-member households EUR 313, three-member households EUR 342, four-member households EUR 379, and five- or more-member households EUR 404 per month.
Expenditures we measured also included food and beverages (alcoholic and non-alcoholic) outside of the home (this includes expenses at restaurants, lunches, canteens (including school canteen), coffee shops, takeaways etc.) and expenditures for public and private transport. On average, households spent EUR 88 on food and beverages in restaurants in a typical month of 2020. If we take into account only households that had this expenditure, the average amount spent on it was EUR 138. Households spent on average EUR 9 per month on public transport, and taking into account households with public transport expenditure, the average monthly amount was EUR 41. All households spent on average EUR 225 per month on private transport, but if we take into account only households that had such expenditures, they spent EUR 250.
Almost half of the households were just making ends meet in a typical month
In 2020, 49% of households estimated that their financial situation allows them to make a living (survive without saving anything, without living off savings and without having to borrow money), 45% of households saved something in a typical month, 3% of households lived on savings, and just as many (3%) had to borrow money.
The difference is noticeable between households living with incomes below the at-risk-of-poverty threshold and those with incomes above the at-risk-of-poverty threshold: 51% of households living with incomes above the at-risk-of-poverty threshold saved something in a typical month, while this was true for only 18% of households with incomes below the at-risk-of-poverty threshold.
More than half of households could only maintain the same standard of living using only savings for a maximum of two months
In 2020, 17% of households stated that they had no savings. Among the remaining households with savings (83%), 56% estimated that without any income they could maintain the same standard of living using only savings for a maximum of two months. 19% of households could live like that for 3 to 5 months, 13% of households for 6 to 11 months and just as many (13%) for one year or more.
In 2020, 75% of households with incomes below the at-risk-of-poverty threshold could maintain the same standard of living using only savings for a maximum of two months, while the share for households with incomes above the at-risk-of-poverty threshold was 53%.
If we look at the data of households that could maintain the same standard of living using only savings for a year or more, and compare them according to the type of household, we see that the share was the highest among households with two adults without dependent children (17%) and the lowest among single-parent households (7%).
Non-housing bills (telephone bills, internet, television, kindergarten, school meals, health insurance, tuition fees, etc.) at least ones were not paid on schedule by 6% of households in the last 12 months before the survey in 2020; 93% of households were not in arrears on such bills, and 1% of households did not have such costs at all.
Comparing data by different types of households, we see that the share of households in arrears on non-housing bills was the highest in single-parent households (14% of such households were late) and the lowest in households with two adults without dependent children (4%). However, data on the accommodation tenure status of households show that the share of households in arrears on non-housing bills was the highest among tenants.
More than a third of households were repaying at least one loan or purchase in instalments
In 2020, 64% of households in Slovenia did not have any loans or instalment purchase, while 36% of households were repaying at least one loan or instalment purchase, excluding the mortgage loan for the dwelling in which they were living.
In 2020, 26% of households were repaying one loan, 8% two loans and 3% three or more loans.
Households with incomes below the at-risk-of-poverty threshold were repaying fewer loans/instalments (16% of such households had at least one loan/instalment) than households with incomes above the at-risk-of-poverty threshold (41%).
Among all households in Slovenia, indebtedness with loans or instalment purchases in 2020 was as follows:
- Loans (non-mortgage) for the purchase or renovation of property (incl. dwelling, household furniture, appliances and interior decoration) were being repaid by 17% of households;
- Loans/leasing for the purchase of a car, motorcycle, van, bicycle or other means of transport were being repaid by 19% of households;
- Loans/instalments to settle daily living expenses were being repaid by 1% of households;
- Loans or payments in instalments for holidays, health care, education, financing own business or refinancing another loan were being repaid by fewer than 1% of households for each of the listed purposes;
- Five percent of households were indebted for other purposes not previously mentioned (including loans to help relatives or friends).
The largest share of households was repaying loans to buy a car or other means of transport
If we consider only households who were repaying at least one loan or instalment (36%) (excluding mortgage for the main dwelling), most of them were repaying loans or leasing for the purchase of a car or other means of transport (52%). If we compare the data of those 52% of households by different types of households, we see that the share of households with such loans was the highest among households with at least three adults with dependent children (65%) and the lowest in single-parent households (36%).
In 2020, 47% of households with at least one loan were repaying loans (non-mortgage) for the purchase or renovation of a home or the purchase of other real estate or purchases in instalments for furniture, home furnishings and household appliances. If we compare the data of those households who were repaying a loan or purchase in instalments in connection with property by the tenure status of households, we see that users had the most of such loans/repayments (52%), followed by homeowners (48%) and tenants (32%).
Among households with at least one loan or instalment in 2020, 4% of households had a loan/instalment to settle daily expenses, and 1% each had loans or repaid instalments for holidays, health care, education, financing business activities, and refinancing another loan. 13% of households were indebted for other purposes not previously mentioned (including loans to help relatives or friends).
For indebted households, the average monthly instalment for loan repayment(s) was EUR 260
The same household can be indebted to several different lenders. In 2020, 69% of indebted households had at least one loan from a bank or other financial institution. 1% of indebted households had a loan/instalment at a pawn shop or other lender, and 1% of households borrowed money from relatives, friends and acquaintances. 41% of indebted households had a loan or purchase in instalments directly from the supplier of goods or services or borrowed elsewhere.
The average monthly amount that indebted households had to repay for at least one loan/instalment was EUR 260. Households in the lowest quintile (20% of households with the lowest incomes) paid on average EUR 179 per month and households in the highest quintile EUR 336 per month.
Four-member households spent 1.8 times as much on food and non-alcoholic beverages at home in a typical month as one-member households
All households in Slovenia had expenditure on food and non-alcoholic beverages at home. On average, they spent EUR 306 in a typical month in 2020. One-member households spent on average EUR 208, two-member households EUR 313, three-member households EUR 342, four-member households EUR 379, and five- or more-member households EUR 404 per month.
Expenditures we measured also included food and beverages (alcoholic and non-alcoholic) outside of the home (this includes expenses at restaurants, lunches, canteens (including school canteen), coffee shops, takeaways etc.) and expenditures for public and private transport. On average, households spent EUR 88 on food and beverages in restaurants in a typical month of 2020. If we take into account only households that had this expenditure, the average amount spent on it was EUR 138. Households spent on average EUR 9 per month on public transport, and taking into account households with public transport expenditure, the average monthly amount was EUR 41. All households spent on average EUR 225 per month on private transport, but if we take into account only households that had such expenditures, they spent EUR 250.
Almost half of the households were just making ends meet in a typical month
In 2020, 49% of households estimated that their financial situation allows them to make a living (survive without saving anything, without living off savings and without having to borrow money), 45% of households saved something in a typical month, 3% of households lived on savings, and just as many (3%) had to borrow money.
The difference is noticeable between households living with incomes below the at-risk-of-poverty threshold and those with incomes above the at-risk-of-poverty threshold: 51% of households living with incomes above the at-risk-of-poverty threshold saved something in a typical month, while this was true for only 18% of households with incomes below the at-risk-of-poverty threshold.
More than half of households could only maintain the same standard of living using only savings for a maximum of two months
In 2020, 17% of households stated that they had no savings. Among the remaining households with savings (83%), 56% estimated that without any income they could maintain the same standard of living using only savings for a maximum of two months. 19% of households could live like that for 3 to 5 months, 13% of households for 6 to 11 months and just as many (13%) for one year or more.
In 2020, 75% of households with incomes below the at-risk-of-poverty threshold could maintain the same standard of living using only savings for a maximum of two months, while the share for households with incomes above the at-risk-of-poverty threshold was 53%.
If we look at the data of households that could maintain the same standard of living using only savings for a year or more, and compare them according to the type of household, we see that the share was the highest among households with two adults without dependent children (17%) and the lowest among single-parent households (7%).
METHODOLOGICAL NOTE
Data from the ad hoc module "Over-indebtedness, consumption and wealth" were collected in the internationally comparable Living Conditions Survey (SILC), using a questionnaire in 2020. Due to the COVID-19 epidemic, data were obtained in two periods (from 15 January to 15 March and from 15 May to 15 September).
Detailed data by various cross-sections will be published in the SiStat Database on 21 October 2021.
Detailed data by various cross-sections will be published in the SiStat Database on 21 October 2021.
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
.jpg)
.jpg)