Household savings rate grows along with disposable income

Figure rose to 14.3% in third quarter last year

The savings rate is the proportion of income left after current consumption.

The household savings rate rose during the third quarter of 2024 to 14.3% as incomes increased at a faster rate than expenditure, new data from the CSO shows.

Between July and September, the unadjusted saving of households was €7.8bn during this period of which €4.9bn was added in the form of capital assets which was mainly homes. The remainder was added to deposits, pension funds or other financial assets.