Danes getting better at managing their money

Young people, in particular, say they have gained more control of their personal finances

More Danes were better at managing their personal finances in 2015 than the year before, according to a survey carried out by TNS Gallup for Nordea Bank.

Some 74 percent of Danes aged 55-65 said they had their finances under control as opposed to 63 percent in 2014.

Younger Danes – in the 18-25 age bracket in particular – claimed to be good with their money.

In 2015, some 71 percent of young Danes said they managed their finances well, compared to 49 percent in 2014.

However, some 22 percent admitted they spend their salary before the end of the month, and some 11 percent have received one or more debt collection letters in the past six months.