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Savings: the money and habits of the French under the magnifying glass

At the end of 2018, the Financial Markets Authority (AMF) published its Savings and Investment Barometer. A focus on French savings, their feelings and their desire to invest interesting. Focus.

The Financial Market Authority (AMF) conducted an annual survey of French savings, their choices and preferences, their perception of the return potential of different investments and their risk.

 

Saving for the unexpected and retirement

Saving for the unexpected and retirement

The French hold an average of 44,095 dollars and as one might expect, the saver is older, the more money he has. People worried about the economic situation in France are on the rise, especially those over 55, pensioners …

The savings of the French are mainly used to cope with unforeseen situations (such as health …), prepare for retirement and anticipate the needs of aging (loss of autonomy …) Increase your wealth and make it grow much further in the list.

 

French prudent, economical

French prudent, economical

80% of the people questioned in 2018 save, whether regularly or occasionally, between 100 and 199 dollars. But half has also withdrawn money from his savings and intends to tap into it. The choice of the type of savings depends above all on the level of risk (the lowest possible) and the expected return. According to savers the purchase of real estate is the action that has the most utility. The one that comes last is the stock market, synonymous with risk and complexity.

One in two assets saves for retirement, on average 2171 dollars per year. Those who do not save in this case are forced for lack of sufficient means. 93% of the French respondents manage their own financial wealth, by doing so alone or seeking professional advice.

 

Do you know what DIC is?

save money

Only 18% of respondents are aware of the key information document, says DIC *, issued before any subscription of investment products (funds, SICAV, life insurance, SCPI …) This word must be known because this official document must be necessarily given before investing.

The DIC allows you to know that they are exactly all the fees charged by the financial institution (direct, indirect, single or recurring costs). This document is therefore to read carefully to know where one places his savings.

  • For funds and SICAVs since 2012 the KIID, the key investor information document, is given but the estimate of the impact of costs was not foreseen.

 

Confidence on the rise

money loan

Insee, for its part, published in February 2019 the indicator of household confidence. The French are slightly less pessimistic about their financial situation, and for 51% of French people, it’s even “the right moment” to save. The share of households that can effectively save money is thus slightly higher.