Households saved €25 billion last year

Households saved €25 billion last year

New figures from the Central Statistics Office show that household savings increased from €22 billion in 2023 to €25 billion in 2024.

By Luisa García Pelatti The savings rate of Puerto Rican families has been precipitated to -1.7% in fiscal year 2024, according to the revised data from the Statistical Appendix of the Economic Report to the Governor published by the Planning Board. A negative saving rate means that families consume above their income. The savings rate remained on negative ground because consumption increased at a faster rate than income. In fiscal year 2024, th…