The privileged savings of the French reached a “historic” level in April: the collection of the Livret A should reach between 5 and 10 billion euros.
The collection of the livret A reached a “historic” level in April according to the general manager of the Caisse des Dépôts et Consignations. Eric Lombard, when asked about BFM Business Thursday, May 14, spoke of a volume of savings collection that should be understood ” between 5 and 10 billion euros ” This is one of the effects of the health crisis and the ensuing confinement, the French spent less of their money since the stores were closed.
The booklet A and LDDS collection amount already reached 3.82 billion euros in March
However, the director general of the Caisse des Dépôts et Consignations judged this savings rate ” excessive “, According to Le Parisien. Eric Lombard calls for ” incentives are given so that this savings comes out of bank accounts and the Livret A to consume more ” Words that join those of the Minister of Economy Bruno Le Maire in mid-April: he wanted investment and not savings to revive the economy.
Official figures for April are expected on Wednesday May 20. Already in March, the Livret A had recorded more deposits from savers than withdrawals, with monthly collections at 2.71 billion euros, its highest level since 2009 according to the Caisse des Dépôts. Added to the collection rate of the sustainable and united development booklet (LDDS), the collection reached 3.82 billion euros, against 2.52 billion over the same period in 2019. In just three months, the two regulated media have almost reached the € 10 billion collection, a symbolic milestone.