In this paper, we examine the risk of social exclusion among the Swedish population from a longitudinal perspective. In the empirical analysis, a person is considered socially excluded if he or she suffers from at least two of the following six welfare problems: chronic unemployment, economic problems, health problems, experiences of threat or violence, crowded housing and lack of interpersonal relationships. Our three main findings are as follows: There is no evidence that immigrants have been better integrated into Swedish society "over time" from the perspective of social exclusion risk. Instead, there are weak signs that their situation has become worse. Further, even though men are worse off than women as regards the odds for social exclusion, there are weak signs that their relative situation has improved "over time". Finally, compared to couples without children, there is clear evidence that the odds for social exclusion for singles with children have increased "over time" and that the odds for social exclusion for couples with children have decreased "over time". We can, therefore, conclude that among these groups, the inequality has increased "over time". To be able to make these conclusions, we have fitted several specifications of a logistic regression model with random effects for panel data to our data set.