{
    "success": true,
    "data": {
        "id": 1829626,
        "msgid": "mounting-instalments-squeeze-indonesians-ability-to-save-1782715870",
        "date": "2026-06-29 13:15:16",
        "title": "Mounting Instalments Squeeze Indonesians' Ability to Save",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Economy",
        "summary": "The proportion of household income saved by Indonesians declined in May 2026 as consumption remained high and debt repayments increased, according to a Bank Indonesia survey. While rupiah savings at banks contracted month-on-month, foreign currency deposits surged, suggesting a shift in saving behaviour amid pressure on the local currency.",
        "content": "<p>The financial health of Indonesian households is showing signs of\nstrain as the portion of income set aside for savings declined,\naccording to the Bank Indonesia (BI) Consumer Survey for May 2026. The\nsurvey revealed that the share of income allocated to savings fell to\n17.5% from 18.2% in April 2026. This contraction occurred as the\nproportion of income spent on consumption rose slightly to 72.3% from\n72.1%, and the portion used to service debt and instalments increased to\n10.2% from 9.7%.<\/p>\n<p>A breakdown by expenditure group shows the decline in savings was\nwidespread. Households with monthly spending between Rp1 million and Rp2\nmillion saw their savings ratio drop from 17.2% to 16.4%. The Rp3.1\nmillion to Rp4 million group experienced a fall from 18.3% to 16.9%,\nwhile the highest spending group, above Rp5 million, recorded a decline\nfrom 19.2% to 17.5%. Only the Rp2.1 million to Rp3 million group saw a\nslight increase in savings.<\/p>\n<p>This pressure on household saving capacity is mirrored in banking\ndata. Total rupiah savings in the banking system fell to Rp2,904.2\ntrillion in May 2026, down from Rp2,914.6 trillion in April, a monthly\ndecrease of approximately Rp10.4 trillion. In contrast, foreign currency\ndeposits rose from Rp246.1 trillion to Rp260.9 trillion over the same\nperiod, marking a significant increase of Rp14.8 trillion. On an annual\nbasis, rupiah savings grew by 7.3%, while foreign currency deposits\nsurged by 29.9%, indicating a growing preference among the public and\nbusinesses to hold foreign currency amid ongoing pressure on the\nrupiah.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mounting-instalments-squeeze-indonesians-ability-to-save-1782715870",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}