Households continue saving but income hurt by inflation

Households built up a lot of savings during covid restrictions and are continuing with this pattern, saving 20% of their disposable income in the last three months of last year — or €1 for every €4 spent. Picture: Roy Botterell/Corbis

Households are now saving twice as much as they did before the pandemic but income is at a standstill due to inflation, latest figures from the Central Statistics Office show.

Households built up a lot of savings during covid restrictions and are continuing with this pattern, saving 20% of their disposable income in the last three months of last year — or €1 for every €4 spent.