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Household Incomes Rise 3.5% in Third Quarter Amid Higher Wages and Social Payments
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Household incomes rise 3.5% in third quarter amid higher wages and social payments
Household incomes rose by an average of 3.5 percent in the third quarter compared with a year earlier. Statistics Netherlands attributes this growth largely to higher collectively negotiated wages and increased social security payments.The income of both employees and the self-employed was higher than in the third quarter of 2024. “Total compensation for employees grew by 6.6 percent,” the statistics bureau reported.
Households had an average 3.5 percent increase in income in the third quarter of this year compared to the same period a year ago. According to Statistics Netherlands (CBS), this is mainly due to an increase in employees' collectively agreed-upon wages and higher social benefits.
·Apeldoorn, Netherlands
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