Dutch households and non-profit foundations saved €77bn last year, or the equivalent of €4,418 per person, national statistics agency CBS said on Friday.
The total is far and away the most ever saved in a year, even taking inflation into account, the CBS said.
Disposable income rose by an average of €769 per person in 2020, while outgoings fell by €1,157 as the lockdown closed shops and restricted travel, leading to reduced spending on clothes and holidays.
Most of the extra money is being held in savings accounts, but buying shares and investing in property was also popular, the CBS said.
Thank you for donating to DutchNews.nl
The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.
DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.