Irish saving rate rises to almost 15% amid fall in spending

CSO findings show €1 in €7 is now being saved by Irish households 

The current savings rate is also notably above the average of 13.1% since the beginning of 2023. 

Irish households continue to add to their deposit accounts with new figures released today showing the household saving rate rise to almost 15%.

The Central Statistics Office (CSO) said that €1 in €7 is now being saved by households, which is being underpinned by rising income and a fall in consumption.