In Sweden, maternity leave can extend for several years, and be shared by a mother and father. Parents with children under age 8 also have the right to reduce to a part-time schedule and keep their jobs.
The government entitles parents to a combined 480 days of leave, at around 80% pay, and the timing is flexible.
For example, a woman who makes about $39,000 a year (average in the U.S.), would be entitled to $2,500 a month for six-and-a-half months, with the option to extend the leave to 13 months if she takes half the benefit, or longer if she takes less than that.
Parents can also save up their time and use it at any point until the child's eighth birthday.
Use this tool to see what your parental leave would look like in Sweden. Remember, one U.S. dollar equals about 6.5 Swedish kronor.
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|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.52%||4.38%|
|15 yr fixed||3.54%||3.42%|
|30 yr refi||4.51%||4.37%|
|15 yr refi||3.53%||3.41%|
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