According to a survey, 48% of French people prepare for retirement themselves. (artwork) (Pixabay/Alexas_Photos)
According to a study recently published by BPCE, 48% of French people say they are saving for their retirement. In total, only 32% of respondents say they trust the state to protect them from the risks of life.
The French no longer trust the state to protect them from the risks of life. This is at least what is revealed by a study by the Viavoice institute carried out for BPCE in February 2023. According to this survey relayed by
BFM Business
only 32% of respondents believe that the state could cover their backs if an accident were to occur.
The retirement savings plan (PER)
As a result of which the French are saving. According to the second edition of this BPCE barometer, 48% of respondents say they are putting money aside for their retirement. This trend confirms the results of an Ipsos survey published last February for the Cercle de l’épargne, according to which 29% of future retirees would regularly save for their retirement (12 points more than the previous year).
However, this precaution is more or less urgent depending on age. According to the barometer, 30% of 18-24 year olds are saving for their retirement, compared to 47% of 25-34 year olds. Of these, 39% say they set aside for
“live well”
and 34% for
“remain financially independent”
. According to our colleagues, 32% of 25-34 year olds who set aside for retirement do so by regularly contributing to a retirement savings plan (PER).
A complicated context
Another study by Escal Consulting carried out for Caravel also reveals that at least 15% of French households have a retirement savings product. According to this study, more than four million French people have a PER. Paradoxically, the decline in household purchasing power is forcing them to save. Thus, 31% of respondents say they are reducing their expenses to be able to put aside.
“The French feel more and more vulnerable. The economic, social and political context seems to weigh heavily on their morale and their ability to take risks and project themselves.
, commented François Codet, Chief Executive Officer of BPCE Assurances and member of the BPCE General Management Committee. Among the 47% of French people who say they are not yet saving for their retirement, 71% say it is because of a lack of money.