Households saved 19.9%, or almost €1 in €5 of their disposable income in April, May, and June 2026, according to the latest Household Savings Report from the Cenrtral Statistics Office (CSO).
This was an increase on the 19.1% seasonally adjusted household saving rate of Q1 2026 and also above the 18.7% average since the start of 2023.
Household saving can be added to wealth as real assets (such as new homes), or financial assets (such as deposits), or as paying off liabilities (such as mortgage debt). In Q2 2026, before adjusting for seasonality or inflation, households saved €11.2bn. Investment in dwellings and improvements (most of which was by households) was over €6bn. Additions to pension funds (D.8) were €1bn.
Ireland's unadjusted saving rate over the twelve post-pandemic quarters of 2023-2025 averaged 18.5%. This was above the EU27 average and was one of the highest average rates among reporting EU Member States. While this was below the 22% average across 2020-2022, when the COVID-19 pandemic restrictions caused it to rise, it was well above the 2017-2019 pre-pandemic average of 13.4%. Ireland was above the EU27 average rate in all three periods.
The average rate after the pandemic has been higher in all reporting EU Member States than before the pandemic. This increase varies across EU Member States. In some countries such as Czechia, Denmark, and Spain, the saving rate after the pandemic was notably higher than it was before whereas in Italy, Belgium and Germany the average rate increase was much smaller. Figure 2 illustrates the averages for reporting countries before, during, and after the pandemic ordered by the average rate across 2023-2025.
The EU27 average rate across the twelve quarters of 2023-2025 was over two percentage points higher than the 2017-2019 pre-COVID-19 average (14.1% up from 11.7%). Germany, the largest economy in the EU, had a saving rate of 19.5% in the 2023-2025 period, up from 17.9% in 2017-2019. Czechia had the highest recorded saving rate at 19.8% in 2023-2025, and also showed the biggest rate increase from before the pandemic when it was 11.4%.
Total Disposable Income (TDI) of households was €52.3bn in the quarter before adjustment. After adjustment for seasonal factors, this was 3% higher than the first quarter of 2026. After adjustment for price as well as seasonal factors, income was 1.7% higher than Q1 2026.
Follow MyHome on WhatsApp for all the latest property news and advice.
