Almost 87% of households had a savings book at the beginning of 2024 in France and a growing participation invested in retirement savings, while housing possession is decreasing, said a study published Wednesday by Insee. In total, 90.5% of households had at least one financial product last year, according to this study of the National Statistics Institute.
Among them, 86.9% had at least one savings book, a proportion of 3 points compared to 2021 in a context of “additional savings” of the Cavid-19 pandemic. These are mainly (86.5%) of tax exemptions such as brochure A (78.1%), sustainable and supportive development brochure (LDDS, 39.7%), the popular savings book (LE, 21.5%) or the young brochure (9.8%). Only 7.5% of households had tax brochures, they underline. The retirement savings possession, which complements the mandatory pension plans, increased by 2.7 points to 19.1% between 2021 and 2024, reaching a higher point.
More than 60% of households have at least one property
Last year, households also had 41.7% to have life insurance (+15.8 points compared to 2004), to the detriment of housing savings (27%, -13.9 points compared to 2004). Employee savings represented 15.6% and values (actions or bonds) 17.4%. In addition, 61.2% of households had at least one property, generally the main residence (57.2%) and 15.3% of professional heritage.
In total, 58.2% had real estate and financial properties, and only 12.6% of professional heritage. They had 6.3% to maintain “residual” inheritance according to Insee, such as a car, appliances and/or a checking account. Households were 46.5% last year to have a loan in progress, especially real estate or consumption.
Source: BFM TV
