In France, regulated savings, ie all savings products (accounts and passbooks) whose operating conditions are set by the public authorities, rose by 5 billion in one year. Thus the total deposits on booklets A, booklet young, or on home savings plans (PEL), reached 705 billion, or 15% of the financial wealth of French households .
Savings products to its lowest level
Nevertheless, the rate of return of these savings products has reached its lowest level in decades: 0.75% for Livret A today versus 4.5% in 1988. Or 1.0% for PEL against 6.0% 30 years ago … This paradox is even more obvious when we know that the average rate of these products is slightly lower than inflation, estimated by INSEE at 1.0% in 2017.
The Philippe government wants to double the share of investment for SMEs
This shows the importance of this savings in the government’s economic choices. Indeed, the current policy is aimed at transferring these assets to the real economy. Stable and sustainable growth also means supporting businesses in their research and development projects, renovating their production facilities, recruiting, buying inventory or financing their cash flow.
Comparison of the distribution of household financial wealth (Observatory Report
of regulated savings – 2017)
Crowdlending, the alternative to savings booklets
French companies are in massive search of funds and start using the tools resulting from the digital transformation to finance themselves. Thus, crowdlending, or crowdfunding through the loan, has been made possible by both more favorable legislation, but also by adapted technology ensuring speed and transparency.
This crowdfunding is part of a societal approach because it gives individuals the opportunity to diversify their savings by financing the real economy. Thus, in a few clicks, an individual can become a player in the development of European companies.
More Cash family, the alternative financing platform for dynamic SMEs, allows you to support a company in its development. You can invest alongside institutional investors from 20 € to 2000 € per project.