Wednesday 26 October 2016

Revealed: We have more money but we're spending less

Published 03/10/2016 | 11:39

CSO survey shows we have more disposable income
CSO survey shows we have more disposable income

Households have more money, but the amount they’re spending is falling, official figures suggest.

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Gross household disposable income increased by €194m to €24.82bn in the three months to the end of June.

But spending by households dropped over the same period, according to the Central Statistics Office (CSO).

Household expenditure fell by €288m to €22.31bn.

Because household disposable income has risen, and spending is less, the spending-income ratio has increased.

Overall, however, the amount being saved in the economy has fallen slightly.

Gross saving for the total economy dropped fractionally, when compared to the same quarter last year, from €21.85bn to €21.78bn.

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