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Benefits for Senior Citizens Have Improved Significantly
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Despite high interest rates and inflation, the Icelandic public has managed to increase its savings significantly in recent years. Household deposits have grown rapidly as interest rates have risen, as it is possible to get very good returns. At the beginning of 2023, Icelanders had over one thousand two hundred billion in deposits, but deposits are now approaching one thousand eight hundred billion. Interestingly, the increase can be attributed…
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