these figures which show that the French abandon the booklet A for the benefit of life insurance

This is one of the changes of this August 1 and it concerns the savings of the French: the rate of the booklet A went from 2.4 % to 1.7 %. This is the second decline since the start of the year. However, the French have never spared so much. In the first half, according to INSEE, they put aside an average of 18.8 % of their gross disposable income, the highest level since 1979, excluding COVID.

According to a INSEE investigation Made with 2,000 savers, it was mainly retirees who inflated this savings: their pensions have increased, but they have not consumed more, and many households put aside “as a precautionary“, faced with economic and geopolitical uncertainty.

However, savers choose the booklet A less than before, even if it remains very popular: currently, more than 80% of French people have one with, on average, almost 7,500 euros on it. But 2025 marks a turning point: according to the Caisse des Dépôts, the booklet A and the Sustainable and Solidarity Development Booklet (LDDS) collected only 500 million euros in June, one of the lowest months of June since 2009. It is just almost four times less than last year at the same period. The Caisse des Dépôts prefers to talk about normalization after two exceptional years.

Booklet A is therefore no longer so acclaimed by the French, who prefer more and more life insurance, in full swing. According to France Insurers, the French deposited 97.8 billion euros there in the first half of 2025, a historic record. And savers are not only looking for security, a large part of this savings are invested in risky investments, such as life insurance in “units of account”. They are potentially more remunerative, but with risks of capital loss.