Investments : the French are deserting their actions and consider that a serious crisis is imminent

Obviously, the French don't listen really to the recommendations of their president in the field of investment and personal savings. According to a study by th

Investments : the French are deserting their actions and consider that a serious crisis is imminent

Obviously, the French don't listen really to the recommendations of their president in the field of investment and personal savings. According to a study by the bank BPCE (Banque populaire and Caisse d'epargne), the financial wealth of the French deserted massively the shares and other securities, in order to focus on demand deposits. The banking group even speaks of a "décollecte historic titles". A phenomenon that may be explained by a general pessimism on the overall French economy.

from The point of view of heritage, the French, the "expected"

The overall level of costs saved does not vary much since 2016, but their assignment is very new. In 2018, the action (live), bonds, and funds have in effect been even more sold than purchased (35 billion euros of "décollecte"). The effort net investment of households amount to € 40 billion, what are the investments that have had the favor of investors? Booklets, life insurance, and especially the demand deposits, that is to say, the accounts in which you can draw at any time. According to the BPCE the study, "more than 80% of the effort to net investment of households in 2018 is gone in the repository-view", 33.4 billion euros... A sign that the French, from the economic point of view, are very much in line with the expectation.

The main reasons for this choice? First, the results of shares and bonds. Households only identify few opportunities to hold securities compared to cash on hand, unpaid, in a low interest rate environment.

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The French think that a "serious crisis" social or political, may arise in the twelve-month period

But most importantly, as the edge study, the lack of trust seems obvious. The risks of a "european crisis" are present for several months in the minds of investors. If the households in their thirties remain predominantly optimistic, the other generations will pay heavily in the fear-mongering. The study points to the same as "the feeling that a serious crisis is imminent in France. According to the survey, 84% of French people think probable, or very likely a "serious social crisis", and 80% of them are also considering a "serious political crisis" in the next twelve months.

The general perception of the future is actually on a slope generally downward since the early 2000s. The crisis of confidence is translated in French by a general pessimism about the national economy, but also, according to the writers of the study, at a personal level, by "anticipation of a general decline affecting their own future (pensions etc.) and that of their children."

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Updated Date: 16 April 2019, 00:00

Kathleen Lees

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