Purchasing power of pensioners is falling for the second year in a row
The purchasing power of the Dutch population grew by 2018 percent in 0,3 compared to 2017, the lowest growth since 2013. It concerns the average development, half of the population improved more and half less, with a considerable spread in the development of purchasing power between individuals.
Employees had an average increase in purchasing power of 1,8 percent, while pensioners experienced a decrease in purchasing power of 0,5 percent. This is reported by Statistics Netherlands on the basis of new figures on the incomes of Dutch households and individuals.
Retirees are falling behind
Pensioners saw their purchasing power decline by 2018 percent on average in 0,5. Their purchasing power already fell by 2017 percent in 0,2. The purchasing power development of this population group is highly dependent on the indexation of the state pension and the supplementary pension. Because the returns of pension funds have been under pressure for several years, pension benefits are hardly or not indexed at all. For pensioners with a relatively large amount of supplementary (pension) income in addition to the AOW (20 thousand euros on an annual basis or more), purchasing power fell on average by 0,9 percent. Due to mainly negative purchasing power developments in recent years, this group has lost an average of more than 2008 percent in purchasing power since 12.
The disposable income of an average senior household was around 2017 thousand euros in 27. In this case, a decrease in purchasing power of 0,5 percent in 2018 amounted to EUR 135 less real purchasing power (EUR 11 per month).
For pensioners with a relatively large amount of supplementary income in addition to the AOW, the average disposable income in 2017 was rounded off at 39 thousand euros. Based on this income, a decrease in purchasing power of 0,9 percent in 2018 meant that real purchasing power was 350 euros less (30 euros per month).
I also read in this article that 'the returns of the pension funds have been under pressure for years'.
This is not the case. The interest rate that must be calculated is artificially reduced. The returns are very decent with a small dip in 2018. By continuing to make these kinds of claims, people will eventually start to believe that it is true. However, it is not true.
BramSiam “It's easier to fool people than to convince them that they have been fooled.”
“A lie can travel halfway around the world (Thailand)while the truth is putting on its shoes.” » (Mark Twain)
Make the lie big, make it simple, keep saying it, and eventually they will believe it.
There we go. your Retirement..Slave/Save Money ? below the freezing point.
HOT..
I read this in the news today.
“Pain for pensioner
Leon Brandsema and Marlou Visser
12 September 2019
The purchasing power of pensioners has taken another hit in the past year. Both elderly people with a little income in addition to the state pension and those with a substantial supplementary pension felt the pain in their wallets.
It is the second year in a row that pensioners have seen their purchasing power decline, according to figures from Statistics Netherlands on purchasing power developments in 2018. The senior organization KBO-PCOB is very concerned about these figures: “We know from our own purchasing power survey that a third of seniors are financially vulnerable,” says director Manon Van der Kaa. “They avoid care and social activities because they can no longer afford it.”
Marieke Blom, chief economist at ING, mentions some possible solutions, but emphasizes that they are at the expense of others. “If the cabinet wants to do something for all the elderly, the state pension could be increased. Another option is to look at taxes, for example via the elderly person's discount.”
Yes, the pensioners, and certainly those who live like royalty in Thailand, are in the corner where the blows fall, but otherwise the Dutch economy is doing great. Valuable pensions, etc. We can look to the future with a happy face, because we are taken care of. Kudos to those it concerns. Believe it yourself. I will continue with critical comments for a while, because we are still far from done.
Yes, I am a retiree who had to leave Thailand because of my delayed indexation.
I also started to receive an average of 350 euros per year less on my state pension.
And I also gave up a lot on my pension.
And with the strong baht you now only get 33 for a euro and a few years ago you still get 43 baht for a euro, so on 1000 euros you now give up 10.000 baht.
So I have left Thailand for the time being and wait for better times if they come at all.
Today Radio BNR Kees de Kort: Kees calls people who keep saying that things are going great, hallelujah shouters.
The reality: Now 45-47% of the NL population is deteriorating.
I don't know if this will increase, but I don't believe fairy tales anymore.
Draghi announced today that interest rates will continue to fall. so pensions go down even more and even negative interest rates are very close.
We are out of the crisis people, and whoever does not believe that is negative.
Balkenende once said: First the bitter and then the sweet, what he meant was first the bitter and then the hydrochloric acid.
I had better become a bank robber or a politician!
That Bitter and Sweet was still from the time that Karel reigned Purple. I think it was Salmon who said that. The BEU Act was also created from that time, by Hans Hoogerworst and Wilders. That was also the start of the Demolition of our System, such as your state pension accrual that, as of January 1, 2000, suddenly had to be paid separately from your income. Before that date I paid Income Tax and Contribution Tax in the Netherlands.
As of 1-1-2000 you suddenly had to voluntarily take out additional insurance for the AOW and AWBZ.
That would cost me almost half of my minimum income at the time.
To think that I had minimal health costs in Thailand, because it was a healthier life for me there!
The CBS data that things are going so great here is pure nonsense!
Since 2008, things have only gotten worse for Jan met de Pet, especially if you are ailing.
So the reality you indicate Karel is absolutely correct!
Last year (2018) the cost of living has only increased and this year, so far, even worse!
And indeed Karel, politicians here do have a kind of agreement with Bank Robbers!
Well, now for a 'encouraging' message: The ECB will continue to open the money tap. More blows for the pension funds. Draghi's leaving us a stinking will because he's squeaking it out in a month.
Read along and weep:
https://www.volkskrant.nl/nieuws-achtergrond/draghi-komt-met-bazooka-rente-nog-verder-omlaag~b44170ff/?utm_source=VK&utm_medium=email&utm_campaign=20190912%7Clunch&utm_content=Europese+Centrale+Bank+draait+de+geldkraan+wijd+open&utm_term=100265&utm_userid=&ctm_ctid=890c218a227b2d1e0ad52645decb9b81&ctm_ctid=890c218a227b2d1e0ad52645decb9b81
We have been enjoying our state pension and pension for 10 years. Unfortunately, we go down every year with our abp pension, although by a few euros, but still. it's not always fun anymore. We've always worked together and now we only hand in. Anyway, we still have food and a roof over our heads.
I don't understand how people come to believe that purchasing power has increased.
After all, Kok's quarter, never had it back, was temporary.
21% VAT would also be temporary, huh… wrong. Come on, people thought we are still working on increasing, so your holiday money was taxed extra and later increased again, but not for higher incomes.
And hoppa there the 6% rate went to 9%, that's your first necessity of life. And of course there is a hidden increase in meat, a CO2 tax.
Meanwhile, all your insurance policies increase in payment and you get less for it.
If you have some savings, the tax authorities would like to take a piece of it.
They state that you make a huge return, so you don't. You just have it in the bank and get some interest, which is now almost 0%. But you simply pay tax again on the money you have already paid tax on. YOU evaporate your savings.
Should you win a grand prize, the cashier says the government, was once 21% but has been increased to 33%.
You can contribute 1/3 of what you win.
If you have medication, you pay "handover costs" every time. You only get it for a maximum of 3 months, so it will cost you about 30 euros/year/medicine.
Are you going to change them or do you have them for the first time, you will also receive "training costs", also about 8 euros each time. runs smoothly with 18 million Dutch people, checkout.
A certain pill cost 40 cents / pill was increased to 400 euros / pill, you will just need it. Your insurance will no longer pay for this. So just die.
A professor at Erasmus Uni had invented a medicine/treatment. Cost 16000 euros, he sold it, still 16000 euros and then it was sold again to a Swiss company. As a result, treatment / medicine now costs 90000 euros. Only right for 10 years in Europe and 8 in USA.
You'll just need it. Don't pay, die.
The same is true with pensions, for years pension companies and related articles have benefited from it and they never want YOU to benefit from it. So they come up with all kinds of tricks to keep you working and eventually just drop dead without having benefited at all. So the age is going up and they already know that many don't make it, that's what you have statistics for. Indexing / hahahah a joke.
Since actually the entrance of the new era (2000) everything is meant for the rich and everything else is a money pocket. Collateral damage, so you and me, the rabble.
Purchasing power increased?! We have a large number of food banks, which can no longer even meet the demand. 150000 people live in tents, etc., because there are no houses. 500000 are not registered anywhere and cannot even receive benefits or assistance as a result.
Yes, we are doing well in our little country, everyone is happy about Mark Pinocchio and his gangs.
As long as the color orange flutters and everyone has a smartphone.
I'll stop before I get angrier.
Dear Peter, Given the 0 rating you get for this story, I think not everyone agrees with you. All people who keep coming back to Kok's quarter should start living in the present and then ask themselves how how bad we really are now compared to other countries and other times.
Yes, also look at those poverty sowers in Monaco, just to name a few. We should feel sorry for that. There is so much money in the world and it is so unfairly distributed. The fact that there are people who have it even worse than the average Dutch pensioner is an unparalleled writing on the wall. You can look at that, but the governments of those countries have to do something about it. From my pension I still hand out money to the less fortunate in Thailand. Twice a year we go into the country to homes where the problem cases reside. I've never had the chance to meet a Monaco prince there, nor the people in the money, because they're too busy counting their sheep and spending it on superfluous luxuries.
From a Buddhist point of view, the “rich of the earth” have made their mark in a previous life. So now everyone be good to your less fortunate fellow man and perhaps in the next life you will also be one of those chosen ones.
And the good Dutch people just keep voting for those parties that squeeze their financially completely.
incomprehensible.
One day, because of the financial interest of Nijpels and Samson, you will also be cut off from gas and you will be allowed to put a capital on the table for heat pumps, etc. under the guise of 'environment'.
And the 'green boys', see the internet today, mister Ferras (for you J.Klaver) just got on a plane today for a few days in Barcelona. After having been to Greece before. No pain for these figures.
I wanted to spend 3 months a year in Thailand when I retire.
but those 7 years and 3 months (of which 2 years and 3 months extension 67,3 bahh) ensure that after that time I can no longer do as it is now. Thailand is already becoming considerably more expensive under pressure from the ever-decreasing euro and now also less pension.