Booklet A: five figures to understand the French juggernaut of savings

Announced in mid-July, the measure comes into force on Monday August 1: the Livret A wage will pass from 1% to 2%, a level not seen for 10 years. This doubling follows what was done at the beginning of the year, a direct result of strong inflation in recent months.

This growth should continue next year, already warned the Governor of the Banque de France, François Villeroy de Galhau, while inflation continues to rise and the key rates to rise. What gives a more central place to the most popular storage products in France.

55 million booklets

This is the number of French people with livret A. A holding rate of almost 81%, which confirms the leading place occupied by this product – limited to 22,950 euros for individuals – among choose to save in French.

This number is also higher than other investment solutions where the French traditionally return. Life insurance, the second most widespread financial investment in France, is thus only held by 40.5% of households in 2021, according to the Cercle de l’Epargne.

The sustainable and solidarity development booklet (LDDS) is a step backwards. This “little brother” of booklet A, is also regulated and benefits from the same rate, although less popular: only 35.9% of households have one in 2021.

324 billion euros

This is the Livret A outstanding amount at the end of 2021. An amount that rises to 343.1 billion euros if legal persons are included, and which has increased by an additional 16.5 billion since the beginning of the year 2022.

Since 2008, passbook A outstandings thus increased a little more than two, which means that they now represent almost 40% of the total outstandings of regulated savings products.

In 2021, this amount is ahead of the Housing Savings Plan (PEL), estimated at 291.3 billion euros, and that of the LDDS, which amounts to 125.9 billion euros, recently appeared in the Bank of France. report. These three products accounted for 89% of regulated savings outstandings last year.

24 billion euros

This is the net balance of Livret A in 2021, which consequently increases the total outstanding amount. In detail, the French paid 225 billion euros into their savings accounts, and withdrew 201 billion euros. These movements, in both withdrawals and deposits, are greater than in 2020, and more than the average flows observed since 2009.

For François Villeroy de Galhau, who spoke on the subject two weeks ago during the annual presentation of the report on regulated savings, these actions will be linked to “post-Covid disruptions” as well as economic recovery, which has given rise to more decisions on the part of households.

€5,800

This is the average outstanding value of a Livret A at the end of 2021, up to 300 euros a year. A level well below the ceiling of 22,950 euros, but hides a high concentration: almost 14% of savings accounts have an outstanding amount of more than 19,125 euros. And they alone represent almost 55% of the total outstanding amount of savings accounts. Similarly, during the health crisis, the “oversaving” movement logically focused on the wealthiest households.

10.4 billion euros in loans

This is the amount, in euros, of the loans signed by the Caisse des dépôts et consignations (CDC) for the construction of social housing at the end of 2021. A figure of 6% a year , which makes it possible to build 85,300 of new social housing units and the repair of 81,600 at the end of last year.

The subject is closely linked to the remuneration and collection of Livret A, because the savings fund of the CDC (which centers 60% of the regulated savings, or almost 300 billion euros) is used to refinance these loans.

However, the increase in the yield of brochure A has worried the landlords of the society. In mid-July, the Social Union for Housing warned of an increase in the debt burden. “A year ago, the Livret A rate was 0.5%. This quadrupling of the rate increased the debt burden of the sector by more than 2.1 billion euros in a full year, or 10% of total amount of rents.

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