People who have saved money during the pandemic are not planning to go on a spending spree, a survey by Dutch central bank DNB has shown.

Only 14% of the money saved will be spent on consumer goods such as clothing, cars and electrical items.

Many people were able to save during the coronavirus crisis because shops, bars and theatres were closed and holidays were off the menu. Total savings in the first quarter of 2021 alone amounted to €46bn, the DNB said.

Some 51% of the savings will not be touched, the bank found, while 18% of the money will go on home improvement or towards the cost of buying a house. Other uses include paying off debts and investment (both 7%) and donations to charity (3%).

The DNB said the government support packages and the lack of spending opportunities had limited loss of income for households, while some people saved more because they were afraid of becoming unemployed.

Not everyone was able to save money to the same extent. Of the households earning more than the average income of €2,600 a month, 46% boosted their piggy bank compared to 24% of lower earners.

The self-employed fared worse than people on fixed contracts. Only 21% were able to put money away, compared to 47% of those with a steady income.