Inflation reached 3% year-over-year in September, according to the Insee’s provisional estimate, up from 2.4% in August, driven mainly by energy prices (+ 21.2%) and fresh produce (+ 9.9%). With an interest rate of 1.7%, the Livret A shows a negative real return of approximately -1.3 points: a full Livret A at the ceiling of €22,950 generates roughly €390 in annual interest, but inflation erodes nearly €690 in purchasing power, resulting in a net real loss of around €300 per year. The Livret A nonetheless remains useful for emergency savings due to its immediate availability and risk-free nature, but it cannot grow capital. The article mentions Bitcoin as a diversification alternative for savings beyond the safety cushion, citing its supply capped at 21 million units.
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