Precautionary savings are widely supported in a context marked by the decline in the financial markets and rising inflation.
Bad time for savings. On the one hand, the surge in interest rates and the war in Ukraine caused the stock and bond markets to tumble. On the other hand, galloping inflation (+5.8% in June 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. “No matter how well people perform, people put money aside so they can afford what they need in the months to come”, says Philippe Crevel, director of the Circle of savings. Livret A collected 15.45 billion euros from January to May. After…
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