By Olivier Cheilan |
invest.fr |
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Around 5% of French people admit to taking out consumer credit to limit the impact of inflation, according to a study by Panorabanques.com.
Inflation increases, bank overdrafts too… | Photo credits: Shutterstock
The latest study by the Panorabanques.com bank rate comparator confirms, unsurprisingly, the growing impact of inflation on the purchasing power of the French. According to a survey carried out last August, only half of them (52%) consider their purchasing power to be adequate, compared to 58% last year.
61% of people questioned by Panorabanques believe that they have lost financial capacity and purchasing power, whereas only 36% made this observation a year earlier. The 50-65 year olds are particularly concerned: 69% consider that they have lost purchasing power since the beginning of the year. When asked to estimate the impact of inflation on their budget, 44% of French people estimate it between €50 and €100 per month, 31% between €101 and €200 per month and 12% at more than €200. €.
The two main items of inflation cited by this study are food and fuel, with energy only coming third for the moment thanks to the effect of the tariff shield. 81% of French people say they are reducing their spending to limit the impact of rising prices on their budget and 33% manage to dip into their savings to fight inflation. 5% admit to taking out consumer credit to limit the impact of inflation.
Increase in overdraft overruns
In this context, 47% of French people say they are overdrawn at least once a year, but this percentage has hardly changed compared to the same study carried out last year by Panorabanques (46%). Similarly, 20% of French people say they are overdrawn once a month, but they were already 19% in 2021. Panorabanques estimates that French people who are overdrawn are an average of 239€ i.e. a slight increase of 3% compared to 2021. Those who are overdrafted would be overdrawn on average by €317, i.e. a more marked increase of 11% compared to 2021.
” Exceeding the authorized overdraft is expensive for the French. The majority of banks invoice intervention commissions up to a ceiling of €8 and the information letter for an unauthorized debit account is invoiced on average €10. Turning to a bank that does not charge intervention fees or the information letter for unauthorized debit account can be a good way to save money in the event of an overdraft. “, observes Basile Duval, spokesperson for Panorabanques.
” Online banks like Boursorama Banque or Fortuneo do not charge these fees. Some traditional banks such as La Banque Postale or Crédit Mutuel Maine-Anjou-Basse-Normandie also charge intervention fees under the legal ceiling of €8. “, adds Basile Duval.