Households ‘marginally better off’

Irish households became marginally better off during the first quarter of this year, according to new figures from the Central Bank.

According to the bank’s latest set of quarterly financial accounts, published yesterday, household net worth increased by 0.9% during the first three months of the year; marking the seventh consecutive quarterly increase. At the end of March, net worth stood at €508.5bn, or €110,312 per capita.

“Increases in household financial assets and the continued reduction in household liabilities contributed towards the rise in net worth during the quarter,” the Central Bank said in a statement.