Financial health of Dutch households in 2024
Nearly half of the Netherlands is financially vulnerable despite progress
In 2024, Deloitte conducted its fourth study on the financial health of Dutch households. This annual research, in collaboration with Nibud and academics from Tilburg University and Leiden University, provides insights into the interplay between five key areas: Income, Spending, Savings, Borrowing, and Planning. Despite a slight improvement in financial health, 47% of households in the Netherlands remain financially Vulnerable or Unhealthy.
This report highlights the key findings and offers recommendations to promote financial health within society.
Snapshot of financial health in the Netherlands
The Netherlands in financial health levels in 2021, 2022, 2023 en 2024, in %
Financial challenges for young adults
Temporary contracts and high living costs contribute to a complex financial reality for young adults. In 2024, the percentage of financially healthy households in this demographic decreased from 18% to 12%. Almost half of young adults earn less than the average income, increasing financial pressure. Consequently, an increasing number of young adults are incurring debt, and nearly a quarter feel powerless regarding their finances.
The value of increased work hours
The research indicates that full-time employees are financially healthier. Among them, 38% are financially Healthy, rising to 42% for those working over 40 hours per week. Part-time workers are significantly less financially Healthy, with only one in five in the 12 to 20-hour work category being classified as such. Work-life balance and salary are crucial factors influencing their work-hour decisions.
Improvement in women's financial health
The financial health of women has significantly improved, with the percentage of financially Unhealthy women decreasing from 32% to 25%. This marks an important step forward, although women still tend to remain in lower health categories compared to men.
Financial health is a vital societal issue relevant to everyone. Public and private entities must collaborate more, with special attention to vulnerable groups. Households themselves also need to take action.
Peter van Loon, Partner Financial Services Deloitte
Keep financial health on the agenda
With this research, we aim to keep financial health high on the agenda of both households and stakeholders within the financial ecosystem. There is an urgent need for joint efforts from the government, employers, and financial institutions to enhance financial health. This can include:
- Encouraging discussions about finances within families and communities.
- Increasing awareness of the benefits of extended work hours and job flexibility.
- Providing targeted support to vulnerable groups.
For all results and recommendations, you can download the research report via the button at the top of the page.
Previous research reports:
If you have questions or are interested in contributing to a financially healthier Netherlands, please contact us.
