It seems contradictory.
While the French economy is going through a crisis of unprecedented violence with a drop of 8.2% of GDP in 2020, the purchasing power of the French has been generally preserved.
INSEE reports a slight increase of 0.6% last year, after an increase of 2.1% in 2019 when the economy was good, according to figures released on Friday.
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Why your purchasing power will not increase in 2021
In reality, the “whatever the cost” announced by the president last March, when the pandemic broke out, has played out.
Purchasing power, calculated from gross disposable income and price trends, has resisted thanks to the deployment of massive emergency aid, which today amounts to tens of billions of euros.
These supports - which weigh heavily on public accounts - have thus artificially preserved household income as a whole, variations from one household to another can be strong.
Very generous, the partial unemployment scheme has made it possible to subsidize
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