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Wednesday 1 February 2023 Dublin: 6°C
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# CSO
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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