According to the Banque de France, the French will have saved nearly 200 billion euros in 2020 and 2021. This is the equivalent of 10% of the country’s gross domestic product (GDP). The explanation for this exceptional hoarding is obvious: under the state of health emergency, salaried workers kept a larger share of their income because they could not consume. In addition, the anticipation of health spending for the elderly, the weakening of the retirement system for the active and the weakening of the labor market for the youngest encouraged savings.
In the desirable hypothesis that the conjunction of spring and vaccines opens the doors to a return to normal, what will be the impacts of the release of this mass of money?
- In the real estate market, many households will have noticed that their main residence no longer meets their needs. New arbitration between Paris and the provinces, search for space and affordable prices, teleworking… Many French people will want to reorient their good of use. Expect a significant increase
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