Household saving remains at just under 20% as consumers prepare for price hikes

CSO said this level of saving may be 'precautionary' as households expect a tough winter ahead with energy bills rising and a growing cost of living crisis

Since the pandemic, there has been a shift in Ireland's saving habits.

Households saved 19.1% of their income in the second quarter of this year as consumers retain savings amid winter cost of living worries.

This level of household spending is unchanged from the previous quarter, according to figures from the Central Statistics Office (CSO).