The booklet Has not been reported much. Worse, he is losing money to the French. This is true month after month since inflation exceeds the level of remuneration of the investment, set at 0.75 per cent until 2020 on government decision. In 2018, inflation is expected to be around 1.8% or 1.9% which means that the performance of the booklet will be more of a point lower than the rate of inflation. "The impact of individual and collective of this degradation is very tangible. At an individual level, if we consider a person who has 5000 euros in his booklet (which is close to the average amount outstanding), the shortfall at this point in the least is 50 euros for 2018. At a collective level, if we add up the outstanding amounts of the booklet A and the LDDS (including the rate is the same as that of the booklet Has, editor's note), or 360 billion euros, the shortfall for the community of investors on this point of performance is least 3.6 billion euros for 2018, which is considerable," denounces the CLCV in a press release.
" READ ALSO - By placing their economies on the booklet, the French lose money
the association for The defence of consumers thus draws the alarm bell. "This is a situation never seen since the early 1980s. In practice, this means that for these products, individuals are seeing the real value of their savings deteriorate", she explains. Unacceptable at a time when the French are crying out for the defence of their purchasing power.to a new mode of calculation
This rate of 0.75% has been set August 1, 2015. At this time, inflation was zero, according to the Insee. In 2017, it was 1% but in spite of this, the government has decided not to amend the remuneration of the livret A. It was he who chose the same block for two years. This choice had the advantage of allowing social landlords, which are funded through borrowings sitting on the resources of the booklet Has, to benefit from favourable financing conditions. A counterparty interesting for these who have had to reduce their rents to compensate for the decline in APL of their tenants. The government was hoping to push to build more social housing. Another goal: to redirect the savings of the French towards riskier assets, allowing the financing of the economy. This long-term aim is enshrined in the law Covenant, which was adopted in first reading by the national Assembly in October.
" READ ALSO - mps LREM want to redirect the savings of the French towards SMES
For the CLCV, these policy choices are all the more problematic that they should be continued beyond January 31, 2020. At February 1, 2020, the government will introduce a new mode of calculation of the rate of booklet A. A minimum rate of 0.50% will be well established, but the end of the systematic protection of savings against the increase in prices will be recorded. These decisions are "very detrimental to the purchasing power of the French," says the consumers ' association. According to her, the floor of 0.5% is also "insufficient, if one considers that the inflation rate is often much higher". The association calls for, therefore, State that it makes in reverse, and returns to the old formula "that guaranteed a return at least equivalent to the rate of inflation". For the French, the stakes in terms of purchasing power are important. The booklet Is still one of their investments, favourites, despite his remuneration degraded. More than 55 million of them have one.Updated Date: 05 January 2019, 00:00