Irish household savings rate rises to 15% in first three months with €8.3bn invested

Greater numbers of people working, and higher income on assets such as pension funds are 'driving up household income', CSO said

The average rate among eurozone countries is 15.3%.

The savings rate among Irish households increased to 15% during the first three months of the year, with €8.3bn being invested into bank deposits, property, and other assets, new data from the Central Statistics Office (CSO) shows.

The savings rate has come down in the years since the pandemic, with the rate falling to 13% as of the end of 2023. The average rate among eurozone countries is 15.3%.