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CBS: Dutch people have slightly more to spend

CBS: Dutch people have slightly more to spend

Statistics Netherlands reports that household disposable income rose by 0.7 percent in the second quarter of the year, driven by wage growth and higher benefit payments. Conversely, total mortgage debt reached 948 billion euros, and the income of self-employed workers saw a slight decline.

According to the latest data from Statistics Netherlands (CBS), the average disposable income for Dutch households increased by 0.7 percent during the second quarter compared to the same period last year. This growth is primarily attributed to rising wages and a higher number of people in employment, as well as an increase in benefit payments. While many households experienced a boost, the income of self-employed individuals saw a decline of 2.2 percent during this time frame.

The report also highlighted that pension payouts rose, partly driven by adjustments related to the transition to the new national pension system. Despite the overall growth in household income, the nation's total mortgage debt climbed to 948 billion euros, marking an increase of 12 billion euros from the previous quarter. This debt total currently represents approximately 80 percent of the size of the Dutch economy, reflecting ongoing financial trends across the country.

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

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