On average, French people save 18% of their income, a record in Europe.
This year, they will receive the interest on their savings on the night of December 31.
According to the Banque de France, the behavior of the French should not change in 2025. The savings rate should be at least as high next year.
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Manage your savings well
Claudine is retired, she has worked all her life as a teacher and since her very first salary, at the age of 20, she has been saving. Of course, she used her money to buy her house or a washing machine, but she always kept some precautionary savings. “It's a precaution, something comes up, we need money, we can cope. That's it, quite simply. If I can help my son, it's there”she explains.
18% of revenues in 2024
Like Claudine, the French remained cautious this year by saving at a record level. Except for the particular year of Covid, the amounts placed in the savings accounts have increased regularly for 10 years. In 2024, it will be more than 18% of disposable income.
Political instability and the uncertainties that accompany it are partly responsible for its thrifty behavior, but also the cost of certain products such as new cars, the purchase of which is very often postponed.
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Too bad for the economy, but so much the better for savers who will receive interest next night. There is an average of 7,077 euros on French Livret A books, which brings in 212 euros. A nice end-of-year gift that everyone already knows what they are going to do with it. “Today, that’s it, it will be for heating. Indeed, we are going to put that aside to be able to pay for our heating”testifies a passerby.
According to the Banque de France, the behavior of the French should not change in 2025. The savings rate should be at least as high as in 2024.
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