Between the 4th quarter of 2021 and the 2nd quarter of 2024, the outstanding amount of household financial assets increased by 2.2% but their real outstanding amount, i.e. their purchasing power in consumer goods and services, fell by 8.5% (Graph 7): one of the reasons for the "over-saving" could be the reconstitution of the purchasing power of their assets, reduced by the high inflation observed in 2022 - 2023.
Household “over-savings” concentrated on high incomes, among whom the propensity to consume is lower than for households taken as a whole
The savings rate is not uniform across thailand phone number list household categories : the wealthier a household is, the greater the share of its income that it will save, all other things being equal ( Figure 8 ). The 20% of wealthiest households save more than 25% of their net disposable income (NDI, which corresponds to GDI, excluding depreciation of capital owned by households) while the 20% of the least wealthy households cannot save (see Insee Focus No. 338, “ Consumption and savings by household category in 2022 ”).
Note: Individuals are classified by fifth of their household's usual standard of living (C1 to C5). The household net saving rate is equal to the ratio (RDN-final consumption) /RDN.
In a file of the INSEE economic note (" What link between purchasing power and household consumption in France today? ", 2019), the authors follow the trail of differentiated changes in income according to the categories of household standards of living, as well as differentiated consumption behaviors over time and between categories. It emerges that: