According to forecasts from Banque de France and Insee, French savings rates are projected to stay elevated in 2024, which may negatively impact consumer spending. With an average savings rate of 18% of disposable income and total savings at 6 trillion euros, the trend is influenced by recent inflation, consumer caution, and political uncertainty. Many individuals are adopting a safety-first approach by setting aside money, which affects economic activity. Interest payments for traditional savings accounts will be credited after New Year’s Eve.

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