Household saving decreases in the March 2025 quarter – media release
3 July 2025
New Zealand household saving dropped $392 million to -$1.6 billion in the March 2025 quarter, as household spending increased more than disposable income, according to figures released by Stats NZ today.
Negative saving means households spent more than their disposable income. Negative saving can be funded by borrowing and drawing on existing funds.
New Zealand household net disposable income rose 1.5 percent to $60.6 billion in the March 2025 quarter.
“The main driver of a rise in net disposable income this quarter was an increase in salaries and wages, up 1.5 percent,” institutional sectors spokesperson Will Bell said.
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