Spending power rises for first time in four years

Mainstreet of Wijk bij DuurstedeSpending power rose in the Netherlands last year for the first time in four years, the central statistics office CBS said on Monday.

The average increase was 1.5%, with people in work seeing disposable income rise 2.7%.

This was mainly due to the lowering of pension premiums, the CBS said. Civil servants in particular saw disposable income increase 3.7% despite low wage rises.

The self-employed and pensioners saw hardly any improvement in spending power, with a rise of 9.3% and 0.4% respectively.

People on invalidity benefit saw their disposable income rise 0.9% on average, and those receiving welfare benefits had a 1.8% rise in spending power, the CBS said.

The last time spending power rose was in 2009.



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