In the first three quarters of 2020, figures from @CSOIreland show that compensation of employees received by the Irish household sector was €73.5 billion (this includes the TWSS).

This was down 1.2% on the same period in 2019, placing Ireland around the middle of the EU15.

In Q1-Q3 2020, Irish households received €25.7 billion of social benefits in cash (this includes the PUP).

This was up €4.3 billion on the same period of 2019. The 21% increase here was the largest in the EU15 (out of the 13 countries with figures reported to @EU_Eurostat).

For Q1-Q3 2020, the Gross Disposable Income (national accounts approach) of Irish households was 4.7% higher than in the same period of 2019.

This was the largest increase in the EU15, with several countries recording reductions.

On the expenditure side, all EU15 countries showed a reduction in household consumption expenditure on goods & services for Q1-Q3 2020 versus the same period in 2019.

The 9.3% fall in Ireland was one of the largest in the EU15.

Pre-2020, the gross savings rate of the Irish household sector was c.12% and mid-ranking in the EU15.

As a result of the preliminary income and expenditure figures shown above, Ireland is set to have the highest household savings rate in the EU15 in 2020 - c.25%.

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