French Household Savings Reach €6.6 Trillion, Bolstering National Economic Financing

As of the second quarter of 2025, the financial wealth of French households stands at an impressive €6,596 billion, accounting for about 40% of their total assets. This growth is underpinned by a financial savings rate of 10.5% of gross disposable income, notably up by 4 points compared to the 2015-2019 period. The composition of this wealth reflects a strong preference for security, with investments evenly distributed among bank deposits (€2,127 billion), insurance products (€2,246 billion), and financial securities (€2,167 billion). Two-thirds of these holdings are in fixed-income products, and one-third in equities, whether held directly or through intermediaries.

Financial intermediaries—including banks, insurance companies, pension funds, and collective investment schemes—play a pivotal role in channeling household savings into economic investments. They currently manage €4,770 billion in household investments, with 58% invested domestically, 19% within the eurozone, and 23% outside it. French banks notably retain 75% of their exposures within France. The Caisse des Dépôts et Consignations further amplifies these effects by redirecting regulated savings towards long-term projects such as social housing and local public initiatives.

Importantly, the share of household savings financing companies has risen from 36% in 2019 to 40% in mid-2025. This shift, primarily due to asset valuation increases in equities and participations, signals a changing preference toward investments supporting corporate activities without constituting a fundamental structural transformation.

Overall, French households allocate approximately €4 of every €10 in financial wealth to equities, €3 to bonds, and €2 to loans for businesses and households, underscoring their crucial role in sustaining domestic economic growth through diversified investment channels.