Changes in purchasing power
These percentage-based income changes are ranked from smallest to largest, with the ‘middle’ or median value reflecting the change in purchasing power for the relevant population group or sub-group. Personal (dynamic) purchasing power can change for all kinds of reasons. A person’s income can change as a result of a wage increase, promotion, starting a (new) job or retiring, for instance. Changes in household composition (e.g. a child leaving home or a couple separating) may also result in income changes. All these changes are reflected when dynamic purchasing power is calculated.
For 2024, purchasing power was calculated for the same population group as in 2023.