Irish household savings rate rises to near 20% despite cost-of-living squeeze

Irish households are saving nearly €1 in every €5 of disposable income, a rise in the savings rate despite ongoing cost-of-living pressures. The data suggests resilient household balance sheets and subdued consumption, which may temper inflation but also signals cautious spending. The trend is notable as it diverges from the expected drawdown of pandemic-era savings under cost pressures.