Tuesday, June 21, 2016 - 09:25
Dutch vacation pay going towards vacations again
After years of spending vacation pay to settle debt or replace broke appliances, Dutch people are finally spending it on what it was meant for again this year - going on vacation, according to the National Institute for Budget Information (Nibud), RTL Nieuws reports. According to Nibud, for the first time in years the more Dutch are going on holiday. Last year only a third of people with below average incomes went on vacation. This year its more than half. "There are more people who choose to use the extra purchasing power they have on vacation. But we do see that the amount they spend on it is somewhat lower than last year. So people are somewhat more reluctant to spend big money", Annemarie Koop of Nibud said to the broadcaster. The Nibud figures show that 1 in 5 Dutch are not going on holiday this year, compared to 1 in 4 last year. 52 percent of households with incomes below 1,500 euros are going on holiday, compared to 32 percent last year. On average Dutch spend 2,483 euros on their longest vacation.