Even if it hardly brings in anything anymore, the Livret A continues to be successful

This is a record, since the start of the year, the French have placed 35 billion euros in their tax-exempt passbooks, in particular the passbook A, a phenomenon that reflects their concern about the consequences of the Covid.

Yes and each time we ask ourselves the question: why such enthusiasm among the French for a product that does not bring them money?

Today, the remuneration of the Livret A is 0.5%, barely more than inflation.

Yet they come back to it again and again.

Usually, November is not a good time for this form of saving.

Well last month, the net inflow, that is to say the difference between deposits and withdrawals, was 2.4 billion euros for the Livret A alone. This is also a record.

So there are two reasons: fear of the future, you said it, but also quite simply the fact that there are fewer opportunities to spend.

No restaurants, no shows, a large part of the French have more money available. 

But why don't they put it on more profitable products? 

Because there isn't much available.

Life insurance is less and less attractive because of the fall in rates, equities, which are however the best investment in the long term, are scary because they are too risky, and more generally it is very difficult to find in its bank agency the best advice to make your money grow.

In this area there is a great conservatism and nothing replaces the simplicity of use of the Livret A whose funds are immediately available. 

But can these savings still be used for something for the economy? 

So yes, it is the government's hope.

Today, the additional savings made by the French during the Covid are estimated at nearly 100 billion euros.

The day the epidemic slows down, it is the equivalent of a stimulus plan that will be available to restart consumption and therefore growth.