This generation of Dutch 35 year olds earn less than their parents

Wallet
July 1 is the day that many things will change in the Netherlands which will affect the wallet of many citizens..

The decades long trend of the majority of Dutch people in their thirties earning more than their parents, has changed, according to a study by Tilburg University and the Ministry of Social Affairs. The majority of th current generation of 35-year-olds actually earns less than their parents. This is especially true for people in the lowest income group, RTL Z reports.

According to the study, 49 percent of 35-year-olds earned more than their parents in 2015, compared to 54 percent in 2005. According to the researchers, this data leads to the conclusion that, for the first time since WWII, a new generation is worse off than the previous one.

The end of this trend is not yet in sight and it especially affects the group of people with the lowest incomes. The researchers attribute the continuing trend to the advancement of agency work and freelancing. While this promotes higher flexibility for workers, it also comes with minimal social protection. 

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