Half Holland’s households run financial risks

Some half of the Netherlands’ seven million households are running the risk of getting into financial trouble because they don’t have enough savings, says family spending institute Nibud in a new report.

Nibud says 25% of households never save and a further 25% only put money away for a rainy day when they have some left over. And four out of five households never look at what their future spending needs are likely to be.
In addition, a quarter of households are overdrawn at the bank at least once a month and one third have a non mortgage-related loan, news agency ANP quoted Nibud as saying.
Impulsive people who look for comfort and an easy life, and career-oriented people with a fondness for luxury are the most likely to get into financial difficult, the report found.

Thank you for donating to DutchNews.nl.

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation