Indonesian Savings Plummet: Average Balance Drops to Rp 1.67 Million in 13 Years
The average balance of savings accounts in Indonesia has plummeted by 61.52% over the past 13 years, standing at Rp 1.67 million as of July 2026, according to data from the Deposit Insurance Corporation (LPS). This decline is primarily attributed to the rising cost of living outpacing income growth.
Read up to 3 eligible full articles per Japan day (JST) for free
Create a free account to open up to 3 eligible full articles per Japan calendar day (JST). Headlines and summaries remain available across ASEAN 7.
Related articles
- Indonesia Sees Rising Online Loan Defaults, Public Allegedly Forced to Borrow for Living Expenses
The default rate on online loans (pinjol) in Indonesia is rising, signaling household financial strain. Research by NEXT Indonesia Center shows the delinquency rate reached 4.73% by August 2026, suggesting an increase in people borrowing for essential living expenses.
- QRIS Emerges as Dominant Digital Wallet Feature for Indonesians: Research
A recent study reveals that QRIS payments are the most frequently used feature among Indonesians utilizing digital wallets, driven by convenience and speed. ShopeePay leads in QRIS transactions and overall digital wallet usage.
- Lemhannas Urges Media to Build 'National Journalism' for Indonesia Emas 2045
The Governor of the National Resilience Institute (Lemhannas), Ace Hasan Syadzily, has urged the press to build 'national journalism' to usher in 'Indonesia Emas 2045' (Golden Indonesia 2045). He emphasized its importance from geopolitical, national resilience, and Nusantara insight perspectives, viewing Indonesia as a unified whole.
- Hanura Party Adopts Science-Based Strategy for 2029 Parliamentary Election Bid
Indonesia's Hanura Party announced the adoption of a science-based strategy to achieve parliamentary representation in the 2029 general election. The party aims to enhance campaign efficiency and voter outreach by leveraging data analytics and technology.