Economy
Purchasing Power of Dutch Households Rises by an Average of 1.2 Percent
The purchasing power of Dutch households increased by an average of 1.2 percent last year, primarily driven by a 5 percent rise in wages, according to statistics bureau CBS. While working households saw an average increase of 2.2 percent, with over six in ten households benefiting, gains were limited for pensioners and the self-employed due to tax measures. These measures included reductions in general tax credits and minimal growth in labor tax credits, alongside further cuts to deductions for the self-employed. The real wage development stood at 1.6 percent against 3.3 percent inflation. Conversely, four in ten employee households experienced a decline in purchasing power due to factors such as temporary job loss or reduced working hours.
Ozetta summarises; the reporting is the newsroom's