The greatest growth in purchasing power took place in the period 1999-2009. In that period, the purchasing power of the Dutch population increased by no less than 22 percent. However, due to the economic crisis of 2008, the increase in purchasing power was four times smaller in the following ten years. Over the entire period, the 1980s saw the least economic progress (less than 2 percent). The results also show, among other things, that income inequality increased in the period 1977-2019, but that income differences have remained fairly stable since 1990.
The purchasing power of the Dutch has increased much less in the decade of this century than in the previous two decades, according to the study. Retirees even fell on average. Purchasing power rose relatively fast in 2020, partly due to fiscal measures and corona support from the government. The self-employed and employees continued to improve from 2009 to 2019, by almost 14 and 17.5 percent respectively. However, retirees declined for the first time in decades, by nearly 5 percent.
In 2019, according to Statistics Netherlands, 7.7 percent of households were at or below the poverty line. That limit is an income of 1090 euros per month for a single person and 2080 euros for a family with two children. In the period studied, 1985 saw a record number of people struggling with poverty. In that year, 22 percent lived at or below the poverty line. Our country had just come out of a severe economic recession.