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Sweden hit by mounting welfare costs
submitted 4 years ago by useless_aether from bloomberg.com
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[–]magnora7 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - 4 years ago* (1 child)
I guess this is the endgame of having too many people that they can't support in the long-term, despite best intentions. Now their gov't money is spread too thin, and it's probably eventually going to end up financially imploding like Greece did in 2009.
You can't give out more money than you have, unless you own your own central bank and money creation abilities. And sweden, much like greece, does not own that. The EU does.
They have an aging population combined with over-immigration, it seems. If they'd stem the immigration numbers a bit so they could stabilize, they might have a chance to not have a greece event.
Every year about 1.5% of the entire population of sweden's worth of immigrants arrive. https://upload.wikimedia.org/wikipedia/commons/e/e5/Statistics_Sweden_%28SCB%29_annual_Immigration_and_Emigration_2000-2017.png Total population of sweden is 10.1 million.
Sweden is almost 20% immigrants by population now, extrapolating from this 2012 data: https://www.ssb.no/en/befolkning/artikler-og-publikasjoner/_image/204256.png?_encoded=2f66666666666678302f35382f&_ts=1497a5de048
When they bring in so many people who typically need a lot of support, it's no wonder that their welfare financial situation is being significantly strained. Nothing wrong with immigrants, but don't take in more than you can actually support...
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 4 years ago (0 children)
Unchecked immigration and falling economic conditions will probably make the next few decades interesting to say the least.
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[–]magnora7 5 insightful - 2 fun5 insightful - 1 fun6 insightful - 1 fun6 insightful - 2 fun - (1 child)
[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - (0 children)