Based on data from Bank Rakyat Indonesia\u2019s (BRI) February 2026\nConsumer Confidence Report, Indonesian consumers are demonstrating\nincreasingly cautious attitudes in managing their income. This is\nreflected in the rising share of income allocated to savings and a\ntendency to favour relatively safe savings instruments.<\/p>\n
Chief Economist at BRI Anton Hendranata explained that amid economic\ndynamics, gold and savings or deposits remain the primary choice for the\npublic to store excess income.<\/p>\n
Data shows the share of income spent on consumption is declining\ngradually. In December 2025, consumption share was recorded at 74.3%,\nthen fell to 72.3% in January 2026 and further declined to 71.6% in\nFebruary 2026.<\/p>\n
Conversely, the share of income allocated to savings is increasing.\nIn December 2025, the savings share was at 14.9%, rising to 16.5% in\nJanuary 2026, and rising again to 17.7% in February 2026.<\/p>\n
\u201cThe income usage pattern increasingly demonstrates a cautious\nstance, reflected in the renewed increase in savings share in February\n2026,\u201d said Anton in a statement on Thursday (12 March).<\/p>\n
He added that the increased savings interest is not limited to\nspecific population groups but is widespread across various household\nincome levels. In February 2026, all expenditure groups recorded\nincreases in savings share compared to the previous month.<\/p>\n
Households with expenditure up to Rp2 million recorded an increase of\napproximately 1.2 percentage points. The Rp2.1 million to Rp3 million\nexpenditure group increased by approximately 1.3 percentage points,\nwhilst the Rp3.1 million to Rp4 million group recorded the highest\nincrease of approximately 2.2 percentage points. For households spending\nRp4.1 million to Rp5 million, the savings share increased by\napproximately 1.3 percentage points, and households spending above Rp5\nmillion also experienced an increase of approximately 1 percentage\npoint.<\/p>\n
\u201cThis indicates stronger savings preference is not limited to\nspecific groups but is widespread across various household income\nlevels,\u201d he explained.<\/p>\n
For the banking sector, Anton noted that increasingly widespread\nsavings behaviour has potential to support third-party fund (DPK)\nstability.<\/p>\n
\u201cHowever, it may simultaneously reflect the still widespread cautious\nconsumption stance at household level, so domestic consumption recovery\npotentially continues at a gradual pace,\u201d he stressed.<\/p>\n
Furthermore, he observed that in selecting instruments for storing\nexcess income, the majority of respondents still choose savings or\ndeposits and gold as primary options. Savings and deposits remain the\nmost selected instrument despite a slight percentage decline, from\napproximately 44.2% in December 2025 to approximately 37.9% in February\n2026.<\/p>\n
Meanwhile, BRI noted that interest in gold has actually increased and\nstands at approximately 41.3% of respondents in February 2026.<\/p>\n
\u201cConsumer savings still tend to be directed towards value-protection\ninstruments, reflected in the persistently high interest in gold,\u201d\nconcluded Anton.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/consumers-growing-more-cautious-gold-and-deposits-remain-primary-choice-1773323570", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }