In Q4 2023, New Zealand's household saving remained positive at $424m, despite cost-of-living pressures, as net disposable income increased 0.3% to $59.
New Zealand household saving remained positive at $424 million in Q4 2023, marking the third consecutive quarter where net disposable income exceeded spending, despite cost-of-living pressures. According to Stats NZ, household net disposable income increased by 0.3% to $59.0 billion while spending rose by 1.3% to $58.6 billion. However, the overall level of saving declined due to faster spending growth than income growth.
April 10, 2024
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