While two-income households in the Netherlands increasingly had more disposable income in the period between 2006 and 2016, single-income homes actually deteriorated and became more likely to get into trouble, Statistics Netherlands reported on Wednesday.
The Dutch economy grew by 3.2 percent last year, and more people in the Netherlands had work than ever before. Despite this, the growth in net disposable income is still lagging behind, Statistics Netherlands reported on Tuesday.
In 2017 net real disposable income - the amount Dutch have left to spend after all premiums and taxes were deducted, corrected for inflation - grew by 1.5 percent. This was the third year in a row that Dutch had more to spend. But the growth is small compared to the 3.2 percent growth in the Netherlands gross domestic product.
Couples who live together, especially those without children, are the most often prosperous and most satisfied and healthy people in the Netherlands. Older people, single people and especially single parents with young children score less well on these factors, according to Statistics Netherlands' quality of life study for 2017.
The Dutch economy will grow an average of 1.8 percent per year in the period 2018 to 2021, according to the medium-term expectations of the Central Planning Bureau. Despite the economic growth, the CPB warns that Dutch households' purchasing power will not increase
Last year the Dutch economy grew slightly more than Statistics Netherlands calculated based on preliminary figures last month. According to the statistics office, the economy grew by 2 percent, instead of 1.9 percent, and is now back up to pre-crisis levels. Dutch households also have more disposable income and consumer spending was significantly higher in the last quarter of 2015 than a year earlier.
Pensioners were hit 6 times harder by the financial crisis than their working counterparts.
The real disposable income of households was 2.5 percent higher in the 3rd quarter of 2014 than in the same period last year, Statistics Netherlands announced today. The disposable income of households also increased in the first two quarters of this year.
Despite a slump in the economy, the average family has more to spend now than a couple of decades ago. Comparatively, household incomes were 15 percent higher in 2012 than in the early 90s, and 20 percent higher than the 70s, according to research from the Central Bureau for Statistics (CBS).