The Livret A regularly accustoms us to records. January was no exception to the rule since the savings product, presented as the favorite of the French, achieved a score never seen since 2009, that is to say before the international financial crisis.
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The approximately 55 million French people who hold a Livret A savings account deposited just over 9 billion euros there last month. With the gifts received at Christmas, the payments of end-of-year bonuses in companies and less spending compared to the end-of-year celebrations, January is generally favorable to deposits on Livrets A and Livrets de développement durable et solidaires . But this time, there is in addition the boost of the increase in the rate of remuneration, which rose from 2% to 3% on February 1. The French who were able to put a little money aside therefore did so to be there. A boon because the money deposited in these booklets is exempt from taxes and social security contributions, free to use, and you can withdraw it when you want to do what you want with it.
Booklet A and Sustainable development and solidarity booklets total a total outstanding amount of 521 billion euros, which is beginning to represent serious competition for life insurance products that are more supervised, less liquid, and which do not reach the 3% return mark. To these 521 billion euros, we will add the 700 billion which sleep on current accounts (traditional checking accounts) which are not remunerated.
Green savings and pensions
The Ministry of Economy and Finance has, in particular, the Sustainable development and solidarity booklets in the viewfinder. For Minister Bruno Le Maire, the Sustainable and Solidarity Development Booklet has “sustainable and united only in name”. Listen: the money thus invested could be more useful for real green savings products, perhaps more risky but more effective. For example, to dip into this type of savings to invest in a program of new nuclear reactors? The government thinks about it. Not to mention the financing of pensions, an ultra-sensitive subject. How to convince the French to prepare now and create a little extra capital for their departure? The highly decried capitalization… the Lépine competition for the use of savings is open.
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