The Dutch had 1.4% more to spend last year, as wages rose

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Dutch disposable household income rose by 1.4% last year, due in the main to higher wages, the national statistics office CBS said on Friday.

However, while wages rose and more people were in work, the amount owned on mortgages also went up, the CBS said.

The total amount paid to workers rose by 3.2% or €8.1bn, with collectively negotiated pay rising by an average of 1.9%. This was largely due to the 3.4% in civil service pay after several years of frozen salaries.

In total, the Dutch owned €664bn on their mortgages at the end of last year.

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