French savers move money from Livret A to life insurance

leparisien.fr (French)

French savers withdrew €800 million from Livret A accounts in November, continuing a trend of emptying regulated savings accounts. This outflow is attributed to a shift towards life insurance, which now holds €2.1 trillion, and a decrease in regulated savings account interest rates due to lower inflation. Despite withdrawals from Livret A and LDDS, overall household savings remain high, with funds being diversified into other financial products like life insurance.


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