Naturally with fewer places and things to spend our money on since Covid-19 gripped our existence, we have, as a nation, saved more than usual. That is the understatement of the century. Cumulative net additions to household deposits from Jan-Sept 2020 reached €10.78billion. For context, that’s up from €5.26bn in 2019 and €3.61bn in 2018. These numbers are similar to the SSIA levels of the mid-2000s. You may be thinking that once the country reopens, we will need those savings to flood back into the economy to propel us back to prosperity but that is not the case – we…

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