Allocation of savings and long-term investment.

Summary n today's world, savers are navigating a stormy sea: the financial and economic crisis has made the environment more uncertain, there are macroeconomic risks linked to the future of the social protection system, tax reforms, and "individual activation" policies that seek to make savers more responsible for their own future... As a result, French savers today prefer safe, short-term assets even more than in the past (increase in deposits in passbook savings accounts, decline in net life insurance inflows, etc.) and real estate to the detriment of risky, long-term financial investments.) and real estate to the detriment of risky, long-term financial investments. This state of affairs worries some players who are looking for ways to encourage households to take more risk and to favour productive savings1.