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Disposable income and household savings up in second quarter

The CSO said savings were primarily used to pay down debt and fund property investment.

DISPOSABLE INCOME IN Irish households increased by 2.2 per cent or €480 million in the second quarter of this year compared to the same period in 2011, according to figures from the Central Statistics Office (CSO).

The CSO said the main contributors to the increase were an addition of €473 million in the profits earned by the self employed and a fall of€181 million in income payments for the sector as a whole.

Figures also show household savings increased in the second quarter of 2012 by almost €700 million as consumers continued to count their pennies.

However the CSO said savings were primarily used to pay down debt and fund property investment.

Household spending in the second quarter also fell by €206 million over the same period compared to the same period last year.

Read: Irish consumers will be highest spenders in Europe this Christmas>
Over 1.3 million adults have less than €50 left after monthly bills>

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    Aug 30th 2022, 6:07 PM

    I wonder if there’s an alternative universe where PM Rory Stewart presides over a comparatively uneventful tenure in office, in a Britain that voted 52% to remain. If only…

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    Aug 30th 2022, 6:42 PM

    Is there any danger that we could evade any more news or balderdash about this B0110X

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    Aug 30th 2022, 7:16 PM

    Truss when she wins will bring him back into cabinet probably as foreign minister using Ukraine as the excuse.

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    Aug 30th 2022, 7:42 PM

    @Ronnie Smith: or as Minister for Brexit :)

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    Aug 30th 2022, 9:59 PM

    Boris the biggest evader of a question ever. Like this is news?

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    Aug 30th 2022, 7:41 PM

    What’s this…..We’re going to have a reboot of the comedy drama “Brexit : The Balls Up”? Can’t wait….

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    Aug 30th 2022, 10:28 PM

    One day he’ll be on I’m A Celebrity…

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    Aug 31st 2022, 11:10 AM

    @Seamus Quaide: this December in Australia?

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    Aug 30th 2022, 6:11 PM

    Warned, I like it.

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    Aug 30th 2022, 9:26 PM

    Boris the bombshell, Love Island 2023

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