Inflation – 5.6% in September over one year – which eats away at household purchasing power, is also a poison for savings.
An investment that pays less than inflation causes its holder to lose money.
And woolen socks the French have, the pandemic having been conducive to precautionary savings (surplus of 151 billion euros over two years, according to the Banque de France).
Therefore, what to do when you have cash to invest?
The French have little taste for risk and the period is anxiety-provoking – war in Ukraine, rise in interest rates… The potentially profitable equity market has been in full disarray in recent weeks.
Just like the bond market put under pressure by the rise in rates.
Real estate resists but is not liquid (it is not easy to resell quickly and at low cost).
However, savers have solutions for limiting the impact of inflation on their money, while maintaining liquid, secure and available savings to seize opportunities in the event of a return to better market fortunes.
And oh surprise, it's...
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