JAKARTA – The Indonesia Deposit Insurance Corporation (LPS) has revealed the trend in household savings growth based on tiering, or deposit size, for the period of April 2025.

Purbaya Yudhi Sadewa, Chairman of the LPS Board of Commissioners, stated there has been an upward trend in the growth of jumbo-sized savings.

Savings in the IDR 2–5 billion range grew by 2.98% in April 2025, higher than the previous month’s growth of 2.67%. Meanwhile, deposits exceeding IDR 5 billion expanded by 4.73%, up from 4.44% in the previous month.

However, for savings between IDR 1–2 billion, Purbaya noted that growth slowed slightly from 3.52% to 2.88%.

The growth of deposits in the IDR 500 million to IDR 1 billion range also decelerated, from 5.74% to 4.25%. Likewise, for deposits under IDR 500 million, growth dropped from 6.03% to 4.09%.

“The trend is the same across all (lower middle) levels, apparently because in March they spent their money on Lebaran, and in the first two weeks [of April] they went on holidays, travelled, flexed, and healed,” said Purbaya during a press conference held on Tuesday (27/5).

Purbaya also stressed that the declining savings in several segments does not necessarily indicate economic deterioration.

“That’s just the seasonal trend, what matters is that overall savings have increased since January,” he added.

For reference, the lower middle-class grouping in this report is based on data from the US central bank, the Federal Reserve. According to this data, individuals with a net worth of IDR 913.38 million are considered lower middle class, while those with a net worth above IDR 2 billion are categorised as upper middle class. (KR/ZH)