Bad time for savings.
On the one hand, soaring interest rates and the war in Ukraine sent equity and bond markets spiraling downwards.
On the other hand, galloping inflation (+5.2% in May over one year) is eroding the capital of investments that yield little or nothing, such as savings accounts or euro life insurance funds.
Enough to leave individuals perplexed.
“We feel a certain caution since the beginning of the year, a wait-and-see attitude,”
confirms Gilles Belloir, managing director of placementdirect.fr, a life insurance distributor.
All of this translates into more precautionary savings.
A classic reflex in times of inflation, although paradoxical given the rates served by risk-free investments.
“Regardless of the performance, people put money aside to be able to afford what they will need in the coming months
,” says Philippe Crevel, director of the Cercle de l'épargne.
Livret A collected 15.45 billion euros from January to May.
After…
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