New Zealand household saving increased from $149 million in the March 2025 quarter to $804 million in the June 2025 quarter, as household net disposable income increased more than the increase in household spending, according to figures released by Stats NZ today.
"The main drivers of an increase in disposable income this quarter were increases in dividends received by households and self-employed business owners," institutional sectors spokesperson Will Bell said.
Household net disposable income increased 1.9 percent to $62.8 billion in the June 2025 quarter, while household spending increased 0.8 percent to $62.0 billion.
Household net disposable income is the amount of money a household has after all income (such as wages, interest, and child support), and outgoings (such as taxes) have been accounted for. It represents the money available for a household to spend, save, or invest.
The increase in the total household expenditure this quarter was driven by spending on household and housing utilities, recreation and culture, and food.
The household saving ratio, which compares household saving to net disposable income, increased to 1.3 percent in the June 2025 quarter.
| Quarter | Net disposable income | Final consumption expenditure |
| Jun-22 | 53286000000 | 53808000000 |
| Sep-22 | 54321000000 | 55223000000 |
| Dec-22 | 54882000000 | 56519000000 |
| Mar-23 | 55306000000 | 57579000000 |
| Jun-23 | 58064000000 | 58474000000 |
| Sep-23 | 58354000000 | 58482000000 |
| Dec-23 | 58692000000 | 58983000000 |
| Mar-24 | 59696000000 | 59206000000 |
| Jun-24 | 59440000000 | 59482000000 |
| Sep-24 | 59677000000 | 59770000000 |
| Dec-24 | 60468000000 | 60211000000 |
| Mar-25 | 61593000000 | 61444000000 |
| Jun-25 | 62766000000 | 61962000000 |
Total income receivable increased by $998 million (1.1 percent) in the June 2025 quarter, driven by increases in the income of self-employed business owners (up 5.2 percent), and dividends paid to households (up 53 percent). These increases were offset by a fall in interest receivable (down 8.5 percent).
Total household income payable fell $194 million (0.8 percent), driven by a fall in interest payable (down 7.9 percent).
"In the June 2025 quarter, interest receivable and interest payable both decreased, reflecting the impact of lower market interest rates and a reduced Official Cash Rate," Bell said.
These statistics describe the household sector as whole rather than the experience of different individual households.
