Wellington: New Zealand household saving surged to 804 million NZ dollars (464 million U.S. dollars) in the June 2025 quarter, up from 149 million NZ dollars (86 million dollars) in the March quarter, as disposable income rose faster than spending, Stats NZ reported Thursday.

According to Namibia Press Agency, household net disposable income increased 1.9 percent to 62.8 billion NZ dollars (36.25 billion dollars), driven largely by a 53 percent jump in dividends and a 5.2 percent rise in self-employed business income, according to a statement of the statistics department.

Meanwhile, household spending grew by 0.8 percent to 62 billion NZ dollars (35.78 billion dollars), with notable spending increases on utilities, recreation, culture, and food, it said.

The household saving ratio, the proportion of income saved which compares household saving to net disposable income, rose to 1.3 percent in the June 2025 quarter, statistics show.

Total household income receivable increased by 998 million NZ dollars (575.88 million dollars), while outgoing income payable fell 194 million NZ dollars (111.94 million dollars), Stats NZ said.

Interest receivable and payable declined by 8.5 percent and 7.9 percent, respectively, easing household debt servicing costs, it said.

“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,” said Stats NZ institutional sectors spokesperson Will Bell.