> and start paying a mortgage instead of debt.

But a mortgage is debt … ?

I’m not sure this accounts for it. Paying a mortgage “instead” implies it’s merely a replacement. But in reality the debt is 2-4x higher than other OECD countries.

This stat makes it sound rather unsustainable:

>Four in 10 mortgage borrowers in Sweden are not paying off their debt, and those that are repaying the principal do so at a rate that would on average take nearly a century.

https://www.cnbc.com/amp/2014/08/24/swedish-household-debt-s...