Households' savings rate eases to 19% in Q3 - CSO

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A level of 19% is still high compared to pre-pandemic savings rates which were around 10%, according to the Central Statistics Office.

This level is still high compared to pre-pandemic savings rates, which were around 10% according to the Central Statistics Office.The standard of living for Irish households, which is total disposable income adjusted for inflation, fell in three of the last four quarters and declined by 0.8% in the third quarter, the CSO also said today.

"Households have generally decided not to spend their savings, but to continue to add to their assets and reduce their borrowing," he added.

 

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