According to the Dutch Institute for Budged Information Nibud, households with financial problems cost society 11 billion euro annually.
According to an analysis into the Dutch police force, it seems that hundreds of police officers are in debt. In answer to Parliament questions from the SP, Minister Ivo Opstelten (Security and Justice) said that around 600 officers' salaries have been seized, De Volkskrant reports.
Many households will not accept having to cut costs, favoring borrowing, and consequently debts, instead. By piling on the credit, these households are slowly slipping into the abyss of debt counseling. The number of risky debts grew with almost 20 percent in seven years' time.
Dutch people who had to flee Indonesia between 1950 and 1970, numbering 380,000, are still owed millions by the Dutch government, according to journalist Griselda Molemans.
Fitch reaffirmed its triple-A credit rating for the Netherlands on Friday, a decision based on the country's "strong underlying economic, institutional and credit fundamentals," the organization said. However, weak GDP growth predictions contributed to a negative outlook.
The number of people in difficulty paying the mortgage is still increasing, according to the latest barometer of mortgage published by debt administration agency BKR.
Netherlands still holds the highest credit rating from rating agency Fitch. The valuation indicates that the Netherlands' has a strong underlying economy, institutions and credit, announced Fitch on Tuesday.
According to latimes.com, the Netherlands has the highest household debt levels in the Eurozone. Many Dutch bought homes as property values rose in the 1990’sand 2000’s. Their U.S. approach in tax breaks and enthusiasm of banks persuaded borrowers to get huge mortgages.