What Is The Average Net Worth In The Netherlands? [& Average Savings]

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Do you want to compare your net worth against others in the Netherlands? This article will learn about the average net worth in the Netherlands and the Netherlands’ average savings!

When you work with numbers, you notice that they are easy to track and easier to compare. 

While it is not always good to compare yourself with others, it can be useful to compare yourself to the average. See what others are doing motivates you to take action. You know that you’re already doing a good job!

Honestly, I am personally also curious and want to know where I stand compared to others. 

When we compare the average net worth in the Netherlands, we will compare the net worth of different households. It will give us a number that we can work with.

Side note: go here to learn more about your net worth and your liquid net worth. In short, it’s your assets minus your liabilities. 

The Dutch Average Household Net Worth

When we are checking the numbers, we are looking at the median household income. That means that we are NOT looking at average household income.

Why?

The median is the middle point of people who reported their data. That means that the extreme high and the extreme low data are taken out of that. 

Let’s get to the data. 

The Dutch median household net worth is €49.800. The number is calculated by adding up savings, investments, and property valuations. This number is your assets. To calculate the net worth, they subtract any debts like student loan debts, mortgage, or personal loans. 

A net worth of €49.800 is a low number, and I’m shocked! I knew that the household income level was not equal, but this inequality is not something I expected. There is a considerable income gap between the richest, middle income, and low-income families. This gap in individual income manifests in a wealth gap between rich and poor.

When we compare the median wealth of €49.800 with the average household wealth of €196.500, it is immediately apparent that the wealthiest are skewing the average net worth numbers. 

Because there are people with millions of euros in net worth, they influence the average net worth statistics. When we look at the median net worth, they look at the middle value. It means we don’t take the extremes (high and low) into account. That’s what we want. 

Therefore we will stick to the median net worth numbers. BUT, why would we how can we compare someone who just graduated with someone who is working for 40 years?

Right, we can’t. 

Let’s look into the numbers per age group to get more perspective. 

Comparing The Average Net Worth In The Netherlands
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Average Net Worth Per Age Group

Do you want to know how wealthy you are, compared to your age group? To compare the average net worth in the Netherlands per age group, see the table below for reference:

The median net worth of people under 25 is zero. That means that when you have no debt and €1 in the bank, you’re richer than 50% of the people under 25. 

That will probably mostly come from the students that have a student loan debt. When you are under 25 and have a net worth of 40,000 euros, you are better off than 80% of your peers. 

From age 25, the net worth slowly increases, where from 45-75, there is a relatively rapid increase. From 75+, the net worth starts decreasing again. 

It’s interesting to see where you currently are compared to the average net worth of the Netherlands.

What About Average Savings In The Netherlands?

The people living in the Netherlands are said to save a lot. It is actually true?

Just as with the net worth data, we are looking at the median savings instead of the average savings in the Netherlands.

The average savings are €40.800 per household, while the median savings are €13.900 per household. It’s easy to see how people will have more cash in the bank and less wealth in, for example, investments.

What is the average savings per age group:

Age Average Savings Median Savings
Up to 25 €7.700 €2.600
25-35 €15.000 €6.000
35-45 €25.600 €10.100
45-55 €41.000 €15.300
55-65 €53.300 €19.800
65-75 €59.300 €23.100
75-85 €58.700 €23.600
85+ €62.700 €24.400
Source: CBS

How To Increase Your Net Worth?

Based on your demographic, you can see if you’re wealthier than the average. Whether you’re above or below the people of your age, you may be interested in increasing your wealth.

Increase Your Earnings

To increase your wealth, raise the money that comes into your bank account. You can do this by increasing the salary at your job or making extra money on the side.

Increasing your salary at your job is done by asking for a raise. Go through the exact steps in the article, and you’ll soon get paid a higher income!

The best side hustles to earn extra income are:

  1. Under the table jobs to get quick cash directly.
  2. Start testing websites – earn money from the comfort of your home and get $10 per 15 minutes.
  3. Start a transcription job – it’s not like you’re making money while you sleep, but the faster you type, the more money you make! Check out the best transcription jobs to see if it fits you. 
  4. Start a data entry side hustle – data entry is a side hustle with a low entry barrier. You can sign up with a platform and start.
  5. Walk dogs – okay, we can’t skip making money with dogs. Walk dogs with Rover and make some extra bucks. 
  6. Start a blog – blogging is fantastic, and I can recommend it. Start writing about your favorite topic and start your blog today. What do you have to lose? Check here how to start a blog in 15 minutes
  7. Filling out online surveys – supplement your income in your downtime. Make money when you’re watching TV or waiting on the bus.
  8. Affiliate marketing – read more about affiliate marketing here. 

This increase in income will increase your annual income, which makes your wealth increase even more.

Lower Your Expenses

While increasing your income is a great way to increase your wealth, lowering your expenses is the other side of the equation.

It is about spending the money on things you value and lowering your standard of living if needed. That’s exactly how I live on half my income and save over 75% of my income. Here are 27 things I stopped buying to save money.

Build Up Passive Income

A way to indirectly increase your income is by building up your passive income. The difference between what you earn and what you spend, you invest.

With investing, you get quarterly or monthly dividends to your account. Do you want to make more passive income? Check out these peer-to-peer lending platforms, where you can get up to an 18% annual return.

While many think investing is complicated, it doesn’t have to be. Once you’ve saved money, you open a brokerage account and deposit the funds. My favorite options are:

Acorns – helps you to invest your spare change and start small with investing

M1Finance – A US robo-advisor/broker with no trading fees, no account fees, and you can start investing with any amount!

M1Finance.com

Living In The Netherlands

While the Netherlands has high-income taxes, I enjoy living in the Netherlands. Economic inequality is present, but higher incomes are paying more income tax because of our tax system. This makes for a more equal wage distribution.

When you have a lower income, you get several benefits like a monthly healthcare contribution. This helps the poorest, who need it, which leads to less inequality within the country because of the lower income differences.

All of this reduces income inequality, wealth inequality, and the level of inequality in general.

Even though all of this is happening, the wealthiest people are still millionaires and billionaires. The divide between rich and poor is still present, and the middle-class pays most of the taxes.

Conclusion – Average Net Worth in The Netherlands

I love comparing numbers and seeing where I’m at. It doesn’t matter to me where I stand. In the end, it is just numbers. When I compare myself against the Netherlands’ average net worth, I get motivated and inspired to up my net worth.

The thing is that when this kind of stuff interests you, it is great to prepare yourself for the journey ahead. 

If this is something that you like? Reading books like Rich Dad Poor Dad & Think and Grow Rich will help you get there.

I have some great suggestions for you that you may find interesting and want to check out:

What is your net worth? How do you compare to the average net worth in your country?


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