The confinement upset the daily life and the finances of millions of French people. Did he also shuffle the investment cards? In the short term, everything suggests. Savers have hoarded a war chest during the confinement – 45 billion euros between March and April, recalls the BPCE Savings & Investments barometer. This surplus of savings – the businesses were closed – mainly landed on current accounts and savings books (+15.5 billion euros and +12.5 billion euros, respectively, compared to March and April 2019). “The current account, of course, is not remunerated but nevertheless guarantees the value of capital. It has almost become a financial instrument in its own right ”, underlines Alain Tourdjman, economist at BPCE. Almost 42% of French people today say they have more money in their account, according to the barometer.
Conversely, life insurance lost feathers during the period (-8.8 billion euros compared to March and April