Average annual household savings totaled NT$275,402 (US$8,601) last year, the highest in history, Directorate-General of Budget, Accounting and Statistics (DGBAS) data showed.
Average disposable income per household last year was NT$1.14 million, up 2.5 percent from the year before, while the median disposable income was up 2.2 percent to NT$961,000, data showed.
Disposable income per person was up 4 percent to NT$407,000 on average, while the median was up 3.7 percent to NT$349,000.
Photo: Taipei Times
Household savings totaled NT$275,402 on average last year, up by NT$1,370 from 2022, marking a record high.
Low-income households, meaning those in the lowest 20 percent of earners, still spent more than their income for the 17th consecutive year.
However, the amount was the lowest in 15 years at NT$16,626.
Annual household savings data do not include real estate, stocks or previous savings, meaning that dissaving does not necessarily equate to poverty, the DGBAS said.
Most of the households in the lowest income bracket have few people and their members are older, with more than 60 percent older than 65, a DGBAS official said.
As they have limited income and regular daily expenses, it is easy for these households to fall into dissaving, they said.
However, the other income brackets all saw positive savings last year, they added.
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