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The French public debt continues to increase. For the population, the situation is increasingly worrying. A rumor regularly comes to the forefront. This suggests that the State could seize the savings of the French to pay off this financial hole. But is it really feasible? We take stock!
French debt, a burden on household savings?
France’s debt has reached new heights! In 2024, the rate was close to 112% you PIB. Experts describe this situation as “unsustainable”. With these colossal debts, our country is now under surveillance by the European Union.
Faced with this pressuresome voices are raised. Apparently, the State could mobilize the savings of the French to restore public finances. However, this proposal raises many questions!
Drawing on household savings would amount to reducing their purchasing power. Which could then compromise their future plans. Moreover, this money is already invested in the real economy. According to experts, « a levy would risk weakening the productive fabric of the country ».
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Reinforced protection, even in the event of a crisis
The State cannot freely seize our savings. However, in the event of a crisis, different measures can be considered to protect the financial system. However, some of these measures could affect our bank accounts.
For example, in the event of a major banking crisis, the High Financial Stability Council (HCSF) can decide to temporarily freeze funds to protect the banks. For life insurance, this freeze cannot exceed six months. This means that even in times of crisis, our savings remain safe.
This measure would allow the authorities to restore financial stability. Until now, the state has never used this option. But with the current crisishe might consider doing so.
In addition to these measures, it is important to know that other devices exist to guarantee the security of our money. For example, the Deposit Guarantee and Resolution Fund (FGDR) protects deposits up to a certain amount in the event of bank failure. This is additional insurance that reassures savers!
Transfer of assets: some ways to protect your savings
The transmission of heritage is another subject that concerns many French people. Recent tax reforms show that the rules can change quickly. For example, the withdrawal limit from the deceased’s account will increase in 2025. This means more money could be taken after a person dies.
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Faced with these uncertainties, it is wise to choose more secure investments. Consult a financial advisor can also be very useful. This professional can help us develop the right strategy based on our personal situation.
Furthermore, it is good to remember that we can reduce the risks by varying our investments. To best protect our money, we must distribute our savings across different types of accounts and investments.
