Report

9679: IRISH ARE THE SECOND BEST MONEY SAVERS IN THE EU

Friday 14 May 2021
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Irish householders were the second best money savers in the EU during the Covid 19 pandemic.

New figures from Eurostat show we saved 12.8 per cent more in 2020 compared to 2019, slightly behind Slovenia.

Household expenditure was seven per cent lower in the EU in 2020 than it was in 2019. In Ireland it was just over 8 percent lower.

Tim Hayes of the European Commission says the build up of Irish savings could result in a spending boom when Covid disappears.

Interviewee: Tim Hayes | Clip duration: 0 minutes 20 seconds | Outwords: floodgates will open