Savings refer to the portion of income that is not spent on immediate consumption and is set aside for future use. This can be in the form of cash, bank deposits, or other financial instruments. The purpose of savings is to accumulate funds for future needs, emergencies, or specific goals such as purchasing a home, financing education, or retirement. Savings can also generate interest or investment returns over time, contributing to wealth accumulation. The act of saving involves disciplined financial management and often requires setting aside regular amounts from one’s income or budget.
The Livret A, a long-standing French savings account, faces challenges as savings barely outpaced withdrawals by 350 million euros in January 2025. January marked the lowest performance for Livret A…