Irish saving rate rises to more than 14% despite rising prices

Of the €25bn saved by Irish households last year, €16bn was invested in fixed assets, mainly new homes, with the remaining being invested in financial assets

Income also rose, due to increased income from work, but also higher investment income on households' €500bn in financial assets.

Household savings rose significantly last year, increasing to €25bn, latest figures from the Central Statistics Office (CSO) shows.

Releasing its Institutional Sector Accounts Non-Financial statistics for the final three months of 2024, the CSO said total savings rose from just €23bn in the previous year.