Average level of household savings falls marginally to 13.8%

While Irish households returned to the same levels of saving before the pandemic, households in many other European countries are now saving a higher proportion of their income than before the pandemic

The Euro area saving rate for 2023 and 2024 is around 14.7%, up from 12.7% in 2018-2019. 

Irish households saved almost 14% of their disposable income in the final three months of 2024, new figures released by the Central Statistics Office (CSO) reveal.

Latest data shows a marginal fall in savings compared to the previous three month period, dropping from almost 15% between July and September 2024.