Dutch millionaires 55 times more wealthy than other Dutch
On 1 January 2017 the Netherlands counted 115 thousand millionaire households. On average they had assets of more than 3 million euros, 55 times more than the average assets of non-millionaire Dutch. Their disposable annual income was three times as high as non-millionaire Dutch, Statistics Netherlands reported on Tuesday.
Millionaire households are households with assets worth 1 million euros or more, excluding the value of their own home and any mortgage debt. Around 60 percent of Dutch millionaire households have between 1 million and 2 million euros in assets, and 10 percent have 5 million euros or more.
The average annual disposable income of millionaire households amounted to 117 thousand euros in 2017, compared to 40 thousand euros for non-millionaire households. Almost half of the Dutch millionaires' main source of income came from their own business. For a quarter it came from pension, for 15 percent wages as an employee and for 13 percent from other assets, like interest, dividends, and real estate income. Almost 80 percent of working main breadwinners in millionaire households are entrepreneurs, compared to 15 percent among non-millionaires.
Millionaires in the Netherlands tend to be happier and healthier than non-millionaires, the stats office found. Around 85 percent of adults in millionaire households rate their health as good to very good, compared to 77 percent of non-millionaires. This partly has to do with millionaires reporting a healthier lifestyle. Only 14 percent of millionaires smoke and 7 percent are overweight, compared to 25 percent and 13 percent respectively among non-millionaires.
94 percent of millionaires give their own happiness a score of 7 or higher out of 10, and only 1 percent score their happiness a 4 or less out of 10. Among non-millionaires, 88 percent score their happiness at 7 or more and 2 percent at 4 or less. On average millionaires give their happiness a score of 8.1, while non-millionaires score theirs 7.7 on average. Millionaires are also more often satisfied with their lives than non-millionaires, 91 percent against 85 percent.