Vehicles and home furnishings constitute smaller part of total assets
In recent years, Dutch households cut spending on all durable consumer goods, but most on cars and other vehicles and home furnishings. As a result, the value of total assets declined marginally. The share of vehicles fell from 26 percent in 2008 to 25 percent in 2014 and the share of home furnishings from 24 to 22 percent. The decline is partly caused by the downturn on the housing market.
The share of household appliances rose from 16 to 17 percent during the period 2008-2014. The rise is due to the introduction of new electrical devices like smart phones and tablet computers. Despite the recession, these devices are in high demand.