The surge in price fever, which is eating away at households' purchasing power, does not dissuade them from saving, quite the contrary. In 2022, the French have saved no less than 158.7 billion euros according to the Bank of France. A high level, close to that of 2021 (161.1 billion euros), but lower than the record of 2020, a year marked by lockdowns (202.1 billion euros). "These figures testify to the maintenance of the precautionary savings effort among households, in a context of galloping inflation," says Philippe Crevel, director of the Cercle de l'épargne. These savings are made at the expense of current expenses, which are falling (-5.6% in 2022, according to INSEE).
But inflation is not the only reason for this cautious behavior. The rise in rates, which improves the yield of regulated savings products (Livret A, term accounts, etc.) also has a lot to do with it.
See alsoInflation: soon a rate of pay of the booklet A at 4%?
Thus, the Livret A has seen its yield soar from 1 to 3% from February 2022 to February 2023 and seduces...
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