It is (almost) a surprise: Livret A is just ahead of life insurance in the ranking of the French’s preferred investments.
Life insurance A has been overtaken by life insurance
This is shown in a report from the Center for Studies and Knowledge of Public Opinion (Cecop). life insurance is the French’s favorite investment ; it takes the lead in this ranking with 61% of the French considering it interesting. It is followed by Livret A (60%) and pension savings (57%).
Life insurance, Livret A and pension savings in the Top 3
This management position for life insurance is the first in 8 years. Studied for the first time, PER (Retirement Savings Plan) takes 3rd place as the preferred investment of the French: “The ability to draw capital offered by PER appears to have attracted a large number of savers.”.
Those over 65 cite life insurance first, followed by Livret A
If young workers prefer rental properties, life insurance and Livret A, those over 65 mention life insurance first, followed by Livret A and rental properties. More people under 25 than average find stocks and crypto-assets interesting.
Investment of money for retirement due to insufficient old-age pension
In this survey, 58% of non-retirees surveyed said they were investing money for retirement. They were 51% in 2023. 32% indicate they do so regularly, compared to 26% in 2023. 21% of respondents say they have already taken out a retirement savings plan (PER) and 22% intend to do so soon.
This survey tells us (unsurprisingly) that a third of respondents (34%) believe they ‘live or can live well in retirement on their pension’.
The French are in favor of life insurance thanks to the improvement in returns on euro funds
Director of the savings circle, Philippe Crevel, adds: “The French prefer it thanks to the improvement in the yield of Euro funds, which are the safe part of life insurance. And with the dampening of the inflationary wave, the French again began to think long-term. And that is why life insurance is the most suitable savings product“.
Pension savings (PER): why is this investment attracting more and more French people? https://t.co/7z6mxMWt0a
— The saving circle (@twittcercle) 5 July 2024
