This publication is categorised as a CSO Frontier Series Output. Particular care must be taken when interpreting the statistics in this release as it may use new methods which are under development and/or data sources which may be incomplete, for example new administrative data sources.
This chapter presents distributional information on household saving consistent with Institutional Sector Accounts.
Figure 3.1 shows the contribution of each quintile to the household savings rate over the period 2010 to 2015. The figure shows that apart from 2010, only the top 40% of households in the income distribution have positive savings.
| Quintile 1 | Quintile 2 | Quintile 3 | Quintile 4 | Quintile 5 | Savings Rate Total | |
| 2010 | -5.94210788093943 | -1.78065573172524 | 0.557355573991109 | 3.80894048997719 | 17.7059188336193 | 14.3494512849229 |
| 2011 | -5.80104962047637 | -2.40013616098973 | -0.408771560924637 | 2.8313978459701 | 15.5391544272337 | 9.76059493081307 |
| 2012 | -5.85541806399576 | -1.91749321394683 | -0.0221345895697413 | 2.31939092022895 | 16.8550888796128 | 11.3794339323294 |
| 2013 | -5.30071414372279 | -2.67175375352245 | -1.26654202543282 | 2.01210959418557 | 16.5362266155188 | 9.30932628702635 |
| 2014 | -5.37977340447315 | -2.70502902500063 | -1.20299786751355 | 1.95582148392489 | 14.8060033314439 | 7.47402451838146 |
| 2015 | -3.92162198520624 | -2.02442240933626 | -0.854612341408045 | 1.5571823397482 | 13.5254689237836 | 8.2819945275813 |
Figure 3.2 shows the savings rate of each quintile over the period 2010 to 2015. For the period as a whole, only the top 40% of households in the income distribution have positive savings.
| Savings Rate | |
| Quintile 1 | -67.2100011687632 |
| Quintile 2 | -18.9507650249409 |
| Quintile 3 | -3.22448944343171 |
| Quintile 4 | 10.5908130089983 |
| Quintile 5 | 38.6180512177211 |
Figure 3.3 shows the contribution to the household savings rate by household type. Negative savings are driven by single households where either the inhabitant is 65 years and older or where there are children living at home.
| Households with 3 or more adults | 1 adult aged 65 years and over, no children under 18 years living at home | 1 adult aged less than 65 years, no children under 18 years living at home | 1 adult, with children under 18 years living at home | 2 adults, at least one aged 65 years or older, no children under 18 years living at home | 2 adults, both aged less than 65 years, no children under 18 years living at home | 2 adults, with at least 3 children under 18 years living at home | 2 adults, with less than 3 children under 18 years living at home | Savings Rate Total | |
| 2010 | 1.84949426990212 | -0.194309109023426 | -0.118876647584137 | -0.750205824930435 | 0.727018893870972 | 3.41081738260271 | 2.22541193083995 | 7.20010038924519 | 14.3494512849229 |
| 2011 | 1.58691202894497 | -0.39331851942005 | 0.270078669108467 | -1.17058214268736 | 0.887585742530959 | 2.47368768575152 | 2.1049444354351 | 4.00128703114944 | 9.76059493081307 |
| 2012 | 1.85612068201168 | -0.490516977066103 | 0.104702874073337 | -0.833728836502487 | 1.30863721751132 | 2.7446659077537 | 2.5561444028372 | 4.13340866171079 | 11.3794339323294 |
| 2013 | 1.24511561175402 | -0.883505195669819 | -0.0446854833705457 | -0.887307110072287 | 0.324908083154076 | 2.76561535814674 | 2.95671850353314 | 3.83246651955103 | 9.30932628702635 |
| 2014 | 1.02481997867668 | -0.768874998679494 | -0.124390649550553 | -0.650643075724603 | -0.420631496550922 | 2.02475954107093 | 2.49016524430274 | 3.89881997483668 | 7.47402451838146 |
| 2015 | 0.854307609621373 | -0.0451774261191143 | 0.44740081724776 | -0.339476567646946 | 0.341966963270224 | 1.4996625704689 | 2.13973608376045 | 3.38357447697865 | 8.2819945275813 |
Figure 3.4 shows the contribution to the household savings rate by tenure status. Tenants in aggregate have negative savings rates.
| Owned outright | Owned with mortgage | Rented or Rent Free | Savings Rate Total | |
| 2011 | 4.56829077100805 | 6.12312229251851 | -0.930818132713497 | 9.76059493081307 |
| 2012 | 5.95256277307667 | 5.36238468782521 | 0.0644864714275344 | 11.3794339323294 |
| 2013 | 3.44067184441345 | 6.69601694037527 | -0.827362497762366 | 9.30932628702635 |
| 2014 | 2.12654407249127 | 6.178082593705 | -0.830602147814819 | 7.47402451838146 |
| 2015 | 2.76873394948704 | 5.03984189730984 | 0.473418680784406 | 8.2819945275813 |
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