The French withdrew from their Livret A 1,1 billion euros more than they deposited in October, a month traditionally unfavorable to savings, according to figures published Tuesday, November 22 by the Caisse des dépôts et consignments (CDC).
Despite this change in trend, after several months of record inflows caused by the rise in the rate to 2% on August 1, this month of October remains historically rather good.
By way of comparison, the French had disbursed 2,8 billion in October 2021 and 2,1 billion in 2019. In 2020, a very atypical year with the outbreak of Covid-19, withdrawals had exceeded deposits by only 900 millions of euros.
October is a traditionally unfavorable month for savings and all the more so for the Livret A, which is very liquid, in particular because of local taxes. We must therefore go back to 2012 to have a month of October where deposits exceeded withdrawals.
If the housing tax has practically disappeared in 2022, the property tax has seen its cost increase for many households.
Something relatively rare, the Sustainable and Solidarity Development Booklet (LDDS) however experienced an opposite trend, with a positive net collection last month, at 290 million euros.
The cumulative outstanding balance of the two regulated passbooks stands at 499,4 billion euros, an increase of 6,5% over one year.
