“Several tens of billions of euros lost”: the calculation formula for the Livret A booklet under fire from critics
A parliamentary report on the remuneration of regulated savings points to a loss of household purchasing power due to returns below inflation.
By Maxime GayraudDoes the yield on the Livret A savings account, currently at 2.4% , protect French people's savings from inflation ? Not really. And a parliamentary report on the remuneration of savings for the general public and the middle classes has just added another stone to the pile in the gardens of Bercy and the Banque de France.
"While several years of hyperinflation appear to be coming to an end, the results of monetary erosion, namely the deterioration in the real value of the purchasing power of savings when their return is lower than inflation, are terrible," denounce MPs Jean-Philippe Tanguy (RN) and François Jolivet (Horizons and Independents).
Le Parisien
