The Basics of Living in Finland

Finland has one of the https://read.cash/@AbsoluteUnit/top-5-play-to-earn-blockchain-games-you-need-to-try-in-2021-a3f4ffd1 lowest rates of poverty in Europe, and a high standard of living. The Finnish government does a lot to help people achieve their full potential, including through an extensive social security system that includes free medical care and casinotarjoukset that are trending in 2023 public education.

Sources of Income

There are many ways to earn money in Finland, but the most popular is through a job. The country’s unemployment rate is low, with only about a quarter of people out of work in any given year. The income of the average worker in Finland is about the same as the average in OECD countries, and it’s well above the OECD average for households.

Paying Taxes

In Finland, taxes are levied on a range of income sources. This includes both earned and capital income, as well as taxable social benefits such as unemployment and parental leave.

The government uses this revenue to provide services like healthcare and education, but it also pays a lot of attention to other social needs. In recent years, the Finnish government has invested heavily in public daycare centers and schools that focus on learning and physical activity.

Housing

If you want to live in Finland, it’s important to buy an apartment in Helsinki or another major city. This is because the city’s public transportation system is efficient and affordable, and apartments are often priced well below what you might expect in other cities.

Bank Accounts

To open a bank account in Finland, you need to meet certain requirements, such as proving that your income and assets are legitimate. The process can feel cumbersome, but it’s necessary to fight against money laundering.

Household Net Wealth

In Finland, household net wealth is a measure of the total value of a household’s financial and non-financial assets. It is calculated by adding the total value of a household’s shares in bank accounts, real estate properties and other assets.

The average Finnish household has about USD 230 032 in net wealth, lower than the OECD average of about USD 323 960.

Households with higher incomes tend to have more wealth than households with lower incomes, which means that they are able to purchase more goods and services and have greater access to quality health care, education, and housing.

Employment and Labour market / Economic policy

The main sources of employment in Finland are the private sector and the public sector. The private sector employs about 80% of the workforce. Its main employers include companies and organizations, but it also includes self-employed individuals, families, and small businesses.

In the public sector, employment opportunities are mainly in management and professional services. Most jobs are located in Helsinki and other major cities, where the cost of living is more expensive than in smaller towns.