8 ms·

Assuming that a fund like that grows ~10% per year or so, each norwegian makes a bonus of 19230.7 just by existing. That is enough for a family to live in the

Assuming that a fund like that grows ~10% per year or so, each norwegian makes a bonus of 19230.7 just by existing. That is enough for a family to live in the european south. https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Norway#/media/File:Norway_Oil_Fund.png https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...

getup8 7y ago
"Since 1998 the fund has generated an annual return of 5.8 percent, or 4,404 billion kroner."
- buboard 7y ago
  Still, for a family of 4 that's ~ 45.000$ of free money. If southern european countries were smart , they would give incentives to norwegians to move there and have a permanent vacation in the sun.
  - vasco 7y ago
    The fund is not distributing to citizens like that.