Household savings continue to rise and debt levels continue to fall, according to the latest figures from the Central Bank. The Central Bank's quarterly financial accounts show that gross household savings rose by €570m between July and September to a total of €6.4 billion.
Household net worth, which captures the value of deposits and pensions held, rose by 1.7% or €13.74 billion. The lion's share was an increase in deposits of €10.2 billion.
This gives an average net worth of €166,932 for every man, woman and child in the State. However, the Central Bank points out that this does not take into consideration how wealth is distributed and therefore does not reflect the experience of many households during Covid-19.