Abstract
In Chapter 1, we already emphasised that a family’s income—or the expenditure that a family can afford—is very important component of well-being. As explained in Chapters 4 and 5, income and expenditure do not fully coincide. In this chapter, we will discuss in more detail how Belgian families divide their expenditure between different categories of goods and services, as this offers an interesting view of their way of life.
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Notes
- 1.
For homeowners, we took the imputed rental price into account. This is an estimate by the reference persons of the amount they think they would get if the property was rented out on the private rental market. By means of this choice, we aimed to provide an idea of housing consumption rather than the actual expenditure on people’s own homes.
- 2.
The classification of families based on the characteristics of the reference person should be interpreted with caution, as to some extent, the choice of reference person within the family is arbitrary. Nonetheless, some useful insights can still be gained from Fig. 10.3.
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Capéau, B. et al. (2020). What Do We Spend Our Money on?. In: Well-being in Belgium. Economic Studies in Inequality, Social Exclusion and Well-Being. Springer, Cham. https://doi.org/10.1007/978-3-030-58509-9_10
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DOI: https://doi.org/10.1007/978-3-030-58509-9_10
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