Prevented from consuming because of the epidemic, the French saved in 2020. And a lot: the Livret A and the Livret de développement durable et solidaire recorded more than 35 billion euros.
In 2020, the woolen socks of the French became overweight. According to the annual score of the Caisse des Dépôts, the Livret A, the preferred investment of the French, recorded deposits of 26.4 billion euros. This is double the amounts collected the previous year. As for the Sustainable and Solidarity Development Booklet (LDDS), collection reached 8.8 billion, which is twice as much there too. In all, these two investments earned 35.2 billion euros net, against 16.6 billion in 2019. We have to go back to 2012 to find a larger collection (49 billion). ” It represents 50 euros per month and per booklet. It’s a record since 2012, it’s huge », Illustrated Eric Lombard, CEO of Caisse des Dépôts, at the microphone of RTL !
35.2 billion collected
The Livret A, which finances social housing, and the LDDS dedicated to the social economy, are popular not because of their historically low interest rate (0.5%). Even lower than inflation … ” It’s a product that is very safe, the remuneration is positive, ”explains the director of the Caisse des Dépôts,“ and it works like a bank account. “. Furthermore, the success of these two placements is also the consequence of the health crisis. The French were unable to consume as they liked last year because of measures taken to reduce cases of contamination. Confinements, closed non-essential stores, movement restrictions … ” So it’s a saving that is really forced, which is constrained », Describes Eric Lombard.
Hope for consumption
It remains to be seen whether all this savings can be used to restart the economy. It is in any case the hope of the government, and of Eric Lombard: ” We see that consumption is quivering. As soon as the stores can reopen more widely, it will start again “. The first figures at the start of the year allow cautious optimism, he says. The French should dip into their savings to consume, which is ” very positive “For them and” for the economy », He adds.