Average Dutch EUR 26,000 poorer due to crisis

14th April 2009, Comments 0 comments

The average Dutch is EUR 26,000 worse off as house prices and value of pensions fall.

THE NETHERLANDS – The financial crisis is costing the average Dutch adult EUR 26,000, according to the accountancy firm Price-Waterhouse-Coopers (PwC).

The losses total EUR 325 billion or 56 percent of the Netherlands’ gross domestic product.

The loss stems from falling share values, house prices and the reduced value of pensions.

The PwC says it expects the losses lead to less consumer spending, especially if house prices continue to fall.

In March, the PwC reported that the average Briton is GBP 40,000 poorer since July 2007 because of the credit crunch.

Radio Netherlands / Expatica

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