2024-01-29 18:00:00
The salary gap between Flemings, Walloons and Brussels residents is widening further. The disposable income of the Flemish increased by 7.4% in 2022, while that of the people of Brussels and the Walloons only increased by 6.3% and 5.9% respectively, according to data communicated by the National Bank. Already in 2021, the disposable income of the Flemish had increased more significantly than in other regions.
This disposable income is essentially made up of so-called primary income, namely the remuneration of work received by employees and the remuneration of labor and capital for the self-employed. Savings and investment income are added and interest paid on loans is deducted. Due to the various indexations, labor income increased significantly, while savings income also increased significantly due to rising interest rates.
65% of Belgians have at least one loan and 2.6% no longer know how to repay it
In Flanders, this disposable income in 2022 amounted to 32,857 euros per person. In Brussels, it amounts to 27,553 euros, in Wallonia 26,254. On the one hand, taxes and social security contributions must be deducted from this amount and, on the other hand, social benefits and other benefits must be added. support measures such as Covid support to achieve disposable income. Ultimately, disposable income amounts to 26,567 euros in Flanders, compared to 22,588 euros in Brussels and 22,513 euros in Wallonia.
When it comes to spending, the majority of disposable income is spent on purchases and investments. The rest is spared. Unsurprisingly, Flemish families were ultimately able to save the most, i.e. 16.7% of their disposable income. This is almost twice as much as the Walloons. Their savings rate remained at 8.7%. Among Brussels residents, it even fell to a historic low of 2.6%. Their expenses have increased much faster than their disposable income. According to the National Bank, this is because they spent more on housing, including energy, a category strongly affected by rising prices. In addition, the share they spend on culture and leisure has also increased faster than in other regions.
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