STOCKHOLM, March 17 — It’s not yet 6am and dozens of homeless people are already queuing outside Stockholm’s central station for breakfast, their numbers bigger than ever,...
STOCKHOLM, March 17 — It’s not yet 6am and dozens of homeless people are already queuing outside Stockholm’s central station for breakfast, their numbers bigger than ever, charities say.
“In the 13 years that I’ve run this, we’ve never had so many people,” he told AFP as his colleagues served up cinnamon buns and coffee. “The first wave of inflation was just energy prices and some import prices. But now it has spread to the entire economy,” said Annika Alexius, a Stockholm University economist.Low-income households that were already struggling to make ends meet are most affected, but even the country’s middle class — who due to years of low interest rates are now among the most indebted in Europe — are finding it difficult to cope with skyrocketing mortgage payments.
“Now that has changed. It’s also families with children, elderly people, people who are on sick leave, all are struggling.” But its wealth gap has widened significantly in 30 years, following decades of reforms to tighten public finances that have made it one of the most robust economies in Europe, but have left large swathes of Swedes worse off.
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