In April, the collection on the book Has broke records that had never been reached by the French since the previous crisis, with 5.5 billion euros collected.

The Booklet Was experienced in the month of April a record collection of close to 5.5 billion euros, according to figures published Wednesday by the Caisse des dépôts, this phenomenon, reflecting the fall in consumption caused by containment measures.

In April, the net collection on the Booklet, investment very popular in France, has reached 5.47 billion euros, compared to 2.71 billion in march. A year earlier, it amounted to a little less than two billion.

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The collection on the Booklet of sustainable development and solidarity (LDDS), which contributes to the financing of social and solidarity economy, has also reached a monthly historic $ 1.93 billion euros. In total, the net collection on the Livret A and the LDDS together, investments both tax exempt, is $ 7,39 billion euros in April.

The hope of a rebound in consumption

“It is a level never reached since the previous crisis (…) three times more than in the month of April, 2019”, has affirmed this Wednesday morning, Eric Lombard, director-general of the Caisse des dépôts, at a hearing in front of the committees to the senate.

“The French were spared because they could not spend, and this lack of spending of course weighs on the economy,” said Eric Lombard. “Today, we estimate the savings of the French, to 40% of their income,” he continued, adding, “the sooner it will come out of[it] (…) to finance consumption and investment, the better it will be[it]”.

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“But in the meantime, this savings does not sleep, it is fully used for the support of our economy : the business of funding social housing continues, the activity of local government finance has increased significantly, and increasingly, we’re going to use it”, has detailed the number a of the Caisse des dépôts. “We are very supportive of the idea (…) that the use of these funds could be expanded to be more useful and more effective in this time of crisis”, he still defended in front of the senators.