Household savings continue to drop from their Covid-19 peak
Savings dropped by €800 million in the first three months of the year
Households are continuing to save less since the height of the Covid-19 pandemic according to new figures from the Central Statistics Office.
The shutdown of pubs, hotels, restaurants and offices during the pandemic led to a surge in household saving as householders have very few options to spend their income.
Saving peaked in the middle of 2020 with households putting 32 per cent of their disposable income away, but this had dropped to 10.08 per ...