Holiday pay is more often used to boost savings or pay debts: Nibud

Photo: Arena73 via Wikimedia Commons
Photo: Arena73 via Wikimedia Commons

Just over four in 10 people will use their annual holiday pay to get away from it all this year, the family spending institute Nibud said on Tuesday.

Dutch workers get an additional 8% of their annual salaries at the end of May or June to cover the cost of a vacation.

The Nibud survey showed a further four in 10 use the payout to boost their savings. This is a slight increase on 2015, when 36% of those questioned said they would keep the money for a rainy day. In 2012, just one in four added their holiday payments to their savings.

This year, some 14% of households will use all or part of the money to buy household goods, while a similar proportion will use the money to pay off debts, Nibud said.

The report also shows 67% of the Dutch plan to go on holiday this year. The average break will last 15 days and cost nearly €2,500 per household.

One in five people will stay at home, compared with one in four in 2015. In addition, just over half of households with an income of below €1,500 net per month will go away for a few days. This is a sharp rise on last year, Nibud said.

Dutch workers have an average of around 25 days paid holiday per year.

Thank you for donating to

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