Savings refers to the portion of income that is not spent on immediate consumption but is set aside for future use. This can be held in various forms, such as cash, bank deposits, or investment accounts, and is typically used to prepare for unforeseen expenses, achieve financial goals, or accumulate wealth over time. The practice of saving allows individuals to create a financial cushion for emergencies, plan for significant expenditures (like a home or education), and build long-term financial security. Savings can also earn interest or investment returns, contributing to increased financial growth. Overall, savings is an essential component of personal finance management and economic stability.
French savers are showing decreased interest in the traditional Livret A savings account, with January net deposits at a low of €350 million. The Livret de développement durable et solidaire…