This should give food for thought to those concerned with the purchasing power of households. According to a poll published on Tuesday by BNP Paribas Personal Finance, the French believe that their financial room for maneuver is getting tougher, and TNS Sofres has conducted 11,000 homes.
In the period from 2012 to 2018, the share of incompressible or difficult to reduce costs increased from 58.8 to 61% of the respondents' budget. These expenses include rent, monthly payments, taxes, telephone and transport subscriptions. “These costs do not include fuel or health costs, which weigh with the increase in life expectancy.”, says Cécile Gauffriau, at BNP Paribas Personal Finance.
One of two French people is uncomfortable with their income.
The most modest households are those for whom “limited spending” is most important. These costs account for 68.6% of the household budget, whose monthly net income is less than 1,300 euros versus (65.7% in 2012). Even better-off households see their financial constraints increasing compared with 2012. “The dwelling was a very important part of the household budget, especially since more and more families are broken up,”says Cecile Gaufriau.
In general, one of two French people (50.1%) "Probably not" or "Not at all" comfortable with his current income. Paradoxically, the proportion of French people who feel uncomfortable has remained fairly stable since 2012 and even declined compared to 2014. "The French are able to relativize their position", promote Cécile Gauffriau.
Households are often in red.
However, the use of bank overdraft reflects their financial fragility. Thus, 28.5% of respondents said that over the past twelve months they had experienced an overdraft in their home by an average of 2,448 euros.
In recent years, the use of overdrafts, as a rule, has decreased, since 31.5% of respondents stated that in 2012 and 2014 they were red. “People with one-time financial difficulties manage their budgets more, but frequent overdrafts remain”, shadow of Cécile Gauffriau. In fact, 10.3% of the French stated that they were more than six times during the year.
To meet their needs, fewer French people turn to revolving credit, which is often associated with a credit card. 5.3% of households have this type of loan at maturity in 2018, compared with 6.2% in 2012. This decrease can be explained, in particular, by measures taken in recent years by the legislator to regulate the distribution of these loans for consumption.