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Households saved an extra €15bn in the last year*

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Households have spent the last year saving more and paying down debt.

HOUSEHOLDS where people have been able to work from home are saving so much that a new record has been reached for funds in banks and credit unions. Households in this country saved an additional €15bn in the year to April in response to the coronavirus pandemic.

This took total household savings to a new record of €131bn, according to Central Bank data. In the month of April alone an extra €2.2bn was saved in banks and credit unions. Over the last year people deposited €14.9bn more than they withdrew. Most of the additional cash was put into current accounts, the Central Bank said.

Please review the full article below or download here.

Household-Saving-Article-SP-Irish-Indo

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Seaspray Private trading as Seaspray Private is regulated by the Central Bank of Ireland. Registered in Ireland number 692221. Copyright 2022 Seaspray Private Ltd

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*Source: April 27 2021 02:30 AM, Charlie Weston , Independent.ie. See full article here

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Sustainable Investing
We will consider adverse impacts of investment decisions on sustainability factors in our investment and insurance-based Investment advice.
We will gather your preferences of Sustainable Investing and build them into our Statement of Suitability for you. Ultimately, it is the Product Producers we have agencies with that build the Investment Products we advise on, and it will be their documentation we are relying on when advising you on Sustainable investments. All information re Sustainable Finance Disclosures will be adhered to by the Product Producers and their brochures and documents will outline their disclosures.