Household Savings Pressure Continues: Slow Recovery Expected

Current State of Household Savings

The economic pressure on Indonesian middle to lower-income households remains evident as data from Bank Indonesia shows continued strain on household savings. As of October 2024, the average Deposit Third Party Funds (DPK) per household account stood at Rp 6.04 million, representing a decline from Rp 6.47 million in the same period last year. Although there has been a slight uptick from the lowest recorded level of Rp 6 million in September 2025, the overall trend indicates limited growth in household savings.

Savings Account Trends

The average household savings account balance was recorded at Rp 4.02 million as of October 2024, showing a decrease from Rp 4.19 million in October 2023. While there was a marginal increase from the August and September 2025 figures, the overall trajectory remains subdued. This trend suggests that households are still grappling with financial constraints, affecting their ability to save.

Bank Predictions and Economic Outlook

Banking industry experts predict that a full recovery in household savings is likely to take longer, with projections indicating improvement only by 2026. The current economic conditions, including inflationary pressures and employment uncertainties, are seen as key factors contributing to the sluggish growth in household savings. As the economic situation gradually stabilizes, banks anticipate a more significant rebound in savings rates.