Source: MIL-OSI Submissions
Household
saving falls in the March 2021 quarter – Media release
22 July 2021
Saving by New Zealanders in the March 2021
quarter fell to its lowest level in two years after rising sharply in 2020,
Stats NZ said today.
Increases in household spending outpaced
income growth, leading to a decline in household saving from the elevated
levels that prevailed throughout 2020.
“Household spending increased in the March
2021 quarter, after having been kept in check for much of 2020 by COVID-19
restrictions,” national accounts senior manager Paul Pascoe said.
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