Oireachtas Joint and Select Committees

Thursday, 5 November 2020

Public Accounts Committee

2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund

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11:30 am

Mr. John McCarthy:

Household savings typically run between 12% and 13%. The highest ever figure was 16% or 17%, but the figure hit 35% in the second quarter of this year. It was the same in the UK and the USA, where the figures hit 30% or 33%. These are figures we have never seen before.

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