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Household Saving Behaviour in Ireland

Author

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  • Le Blanc, Julia

    (Central Bank of Ireland)

Abstract

This Economic Letter provides an overview of saving motives and behaviour of Irish households in the aftermath of the financial crisis. Precautionary saving is the most commonly reported motive, followed by saving for education and support of children. Highly indebted and credit-constrained households also save to pay down debts. 60% of households are able to save at least occasionally. Wealthier households are more likely to save and less likely to have debt or report to be credit constrained. There is also evidence that some households are in financial distress as they spend more than they earn and leave bills unpaid.

Suggested Citation

  • Le Blanc, Julia, 2016. "Household Saving Behaviour in Ireland," Economic Letters 05/EL/16, Central Bank of Ireland.
    • Handle: RePEc:cbi:ecolet:05/el/16
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    File URL: https://centralbank.ie/docs/default-source/publications/economic-letters/economic-letter-vol-2016-no-5.pdf?sfvrsn=6
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    References listed on IDEAS

    as
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    Cited by:

    1. Kelly, Jane & Le Blanc, Julia & Lydon, Reamonn, 2018. "Pockets of risk in European Housing Markets: then and now," Research Technical Papers 12/RT/18, Central Bank of Ireland.
    2. Glenn Abela & William Gatt, 2021. "Saving behaviour in Malta: Insights from the Household Budgetary Survey," CBM Working Papers WP/02/2021, Central Bank of Malta.
    3. Lydon, Reamonn & McIndoe-Calder, Tara, 2017. "The Great Irish (De)Leveraging 2005-14," Research Technical Papers 05/RT/17, Central Bank of Ireland.

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