7 out of 10 French people save part of their income, according to a study published on Monday. But what are their favorite investments? A survey published on Monday by the Cercle de l’Epargne says more.
Faced with inflation, how to protect your money? A survey by the Cercle de l’pargne/Amphita in partnership with AG2R La Mondiale published on Monday underlines the appetite of the French for so-called precautionary savings. In general, the equivalent of three months’ income in precautionary savings, which can be mobilized immediately, is recommended, explains economist Philippe Crevel MoneyVox. 7 out of 10 French people save money each month.
The proportion of savers is particularly high among executives and liberal professions (87%) and is also high among workers (63%). More than two-thirds of withdrawals (68%) are, moreover, savers. Even if they have low incomes, young people save. 73% of 18/24 year olds and 77% of 25/34 year olds say they put money aside, compared to 65% of 50/64 year olds, detail the authors of the study. Thus, the wealthiest can save up to 15% of their income each month, but the average is around 7%.
Different aspirations according to age
And where do savers put this precautionary money, but also for planning, because it is intended for retirement (for 50/64 year olds) or a real estate purchase (for 18/24 year olds)? The French have a fairly detailed vision of profitability and the risks associated with the various investments, welcome the authors of the study. Passbooks are thus considered low risk by 86% of respondents. 75% think the same for life insurance. This ratio is 49% for rental real estate, 13% for stocks and 11% for bitcoins. Rental real estate is seen as profitable by 76% of respondents. It is ahead of stocks (74%), bitcoins (57%), life insurance (45%) and passbooks (23%).
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Real estate is also seen as the most attractive investment by 65% of respondents, ahead of life insurance (59%) and equities (46%) when bitcoin appeals to the youngest savers. Presented as the favorite investment of the French, the livret A and its rate revalued to 1%, but lower than inflation, only obtains 34% of positive responses.
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