An OESO study has discovered that the Netherlands bucks the trend of the rich getting richer at the expense of those paying for the crisis.
Good news, then? Not really. Z24 points out that the Dutch poor are also getting poorer. The group of people that live below the poverty line has increased from 6.7% in 2007 to 7.8% in 2011. In this study ‘rich’ is defined as belonging to the top 10% in disposable income and poor as the bottom 10%.
The financial news site points out that the poor have lost less income than the rich, which is an interesting mathematical factoid, but otherwise devoid of meaning in my opinion. If the poor lose 1.5% of their income it means they go without food for another five days in a year, while for the rich it means they have to wait five days longer before they can purchase their next luxury car. Not quite the same difference.
A group of people that has done relatively well for themselves during the crisis is the elderly whose income has stayed the same. The group of 18 to 25-year-olds has seen their income drop since 2007 by well over 2%, although those differences are minimal compared to those of the same age groups in other countries such as New Zealand and Israel where the elderly are getting rich at the cost of everybody else.
(Photo by Meraj Chhaya, some rights reserved)
Tags: capital, economic crisis, income, Israel, New Zealand, poor, rich, wealth
First, Beuningen boasted about its free quickie marriage between 8:45 and 9 am, now the city of Arnhem down the road is whinging about ‘rich’ people abusing their freebie wedding time slot. Ironically, newspaper De Telegraaf doesn’t write ‘rich’ (self-censorship, anyone?), but ‘highly educated’, as some sort of clever euphemism for people with actual jobs versus the state subsidised couch sitting set.
In Arnhem the waiting list for a free ‘I do’ is more than six months. Offering free weddings was to let the ‘less fortunate’ marry with or without a ceremony, common fare around the country, but come on, if you’re offering it for free in a country that thrives on free stuff, you have to expect your altruistic ideas to fail.
The Monday morning speedy wedding is popular with the ‘richer’ folks, although it’s very dressed down. To marry at another time costs 99 euro and the full monty service with separate room and guests costs 399. Just expecting people with more money to spend more is cute, but not realistic, crisis and all.
There’s really no story here except that some journalist apparently cannot wrap their brain around the fact that people with actual money have choices. They should either bone up on the finance section or move to a communist country.
(Link: telegraaf.nl, Photo by Anthony Kelly, some rights reserved)
Tags: Arnhem, marriage, rich, weddings
Poor people give more to charity than rich people … relatively speaking. According to a story in Z24 (Dutch), this is one of the outcomes of a study for a PhD thesis that Pamela Wiepking will present next Monday at VU University in Amsterdam. Wiepking claims the poor tend to give about the same as the rich because both groups have the same idea of what makes a fair donation; and since the poor earn less, what they give is a bigger percentage of their income.
Two other groups that give more according to Wiepking’s research are the well-networked people (they tend to trust others more) and the religious.
See also Wiepking’s 2007 paper “The Philanthropic Poor: In Search of Explanations for the Relative Generosity of Lower Income Households”.
Tags: charity, giving, networking, poor, rich, traits