Wallet alert: this October 1, your financial daily life takes a new turn. Imminent analysis of the crucial changes that will shake up your budget.
Changes to social assistance and impact on purchasing power as of October 1, 2024
The dawn of October 2024 brings with it significant adjustments in the French social landscape, directly influencing household budgets. Financial news that deserves our attention revolves aroundincrease in housing assistancewelcome support at a time when rents are experiencing constant inflation. In fact, APLs are experiencing a revaluation of 3.26%, an automatic measure which will benefit 6.6 million households without them having to take any action.
Revaluation of housing assistance
Here are the changes made to the various aids:
- Personalized housing assistance (APL) : automatic increase to reduce the burden of rent on family income.
- Family housing allowance (ALF) : similar adjustment to support families in their homes.
- Social housing allowance (ALS) : same dynamic of support for individuals in precarious situations.
Support for small pensions
At the same time, around 850,000 retirees will see their pension increased by almost €50.94 per month on average. This initiative aims to strengthen the purchasing power of seniors who have experienced fragmented career or interrupted.
Evolution of the cost of gas
However, this period also sees the reference price of gas go back up slightly, rising to €0.11 per kWh for heating: something to take into account when evaluating your monthly budget. Fortunately, this increase does not affect the subscription amount which remains stable.
School scholarships and other notable changes
Among other notable changesappears the deadline to apply for a school scholarship, set for October 17 and until October 31 for distance learning. A significant financial boost for families with children in school.
These changes reflect the continued desire to adapt social policy to current economic realities and the concrete needs of citizens. They also illustrate how each regulatory change can have a direct impact on daily life and the family budget.