In-article:

the French saved less in November, News / Actu Epargne


The outflow of Livrets A and Livrets de développement durable et solidaires (LDDS) continued in November.

Savers withdrew 360 million euros more than what they deposited in their passbooks last month, reducing the level of cumulative outstandings on the two supports to 468.9 billion euros at the end of November, against 468 , 9 billion euros at the end of October.

In detail, LLDS outstandings fell by € 270 million and those of Livret A remained almost stable compared to the previous month, down € 6 million.

The amounts deposited in the savings accounts of the French reached record levels during the health crisis. In November last year, 3.31 billion euros in assets had been collected on these media.

Will the outflow last?

The “Covid pot” began to dwindle this summer, after the “normalization” of economies and the end of the last confinement. In July and August, inflows remained positive on the back of income tax refunds (spread over these two months), but fell negative in September.

It remains to be seen whether this trend will continue in 2022: the prospect of an increase in the Livret A rate, and, above all, a drop in household confidence in the face of changes in the health situation, could revive the collection of these investments. .



Source link -87