法國家庭擁有創紀錄的63.564億歐元的金融財富，超越了國家債務

這個數字遠遠超過了國家公共債務，超過了CAC 40的市值。在這種令人印象深刻的積累背後是一個社會選擇：大量節省的選擇，朝著安全而不是產量為導向。法國悖論是在經濟要求創新和市場進行控制冒險的時候。

The financial wealth of French households reached 6,356.4 billion euros, marking an absolute record as revealed by the Bank of France. This staggering sum, which far exceeds the national public debt and surpasses the market capitalization of the CAC 40, is a testament to a societal choice: massive savings oriented towards safety rather than yield. It presents a French paradox at a time when the economy calls for innovation and markets for controlled risk-taking.

法國家庭的金融財富達到63.564億歐元，標誌著法國銀行揭示的絕對記錄。這筆驚人的款項遠遠超過了國家公共債務，超過了CAC 40的市值，這證明了社會選擇：大量儲蓄以安全而不是產量為導向。在經濟要求創新和市場以控制冒險的時候，它提出了法國悖論。

While France is often portrayed on the brink of financial bankruptcy according to several analyses, highlighting the deterioration of the country's public finances, this contrasts sharply with the apparent solidity of private wealth. The latest figures published by the Bank of France reveal that the financial wealth of French households amounted to 6,356.4 billion euros as of December 31, 2024.

根據幾項分析，雖然法國經常在金融破產的邊緣描繪，這突出了該國公共財政的惡化，但這與私人財富的明顯穩固形成鮮明對比。法國銀行發布的最新數據顯示，截至2024年12月31日，法國家庭的財務財富為63.564億歐元。

This marks a 1.7 % increase over one year, although the record high was reached in the third quarter of 2024. The bulk of this wealth is held in risk-free savings products, a preference driven by the current context of economic uncertainty and volatility.

儘管在2024年的第三季度達到了創紀錄的高度，但這是一年內增長1.7％。這筆財富的大部分是在無風險的儲蓄產品中持有的，這是由當前經濟不確定性和波動性的偏好所驅動的。

The Bank of France notes that "the colossal size of this amount is explained by the high savings rate of the French (18 %), which confirms a lasting trend to prioritize safety over yield."

法國銀行指出：“這筆款項的巨大規模是通過法國人的高儲蓄率（18％）來解釋的，這證實了優先級優先級超過收益率的持久趨勢。”

This capital preservation strategy is evident in the structure of household wealth, which is largely composed of deposits and easily realizable securities, attesting to a preference for immediate liquidity and the absence of risk over the search for yield.

這種資本保存策略在家庭財富的結構中很明顯，家庭財富的結構主要由存款和易於實現的證券組成，證明了偏愛立即流動性以及在尋找收益率的情況下沒有風險。

The French have chosen to place their trust in classic products such as life insurance, a choice that some deem ineffective and opaque. In a recent report by two deputies, Jean-Philippe Tanguy (RN) and François Jolivet (Horizons), life insurance is particularly targeted for its lack of transparency and underperformance.

法國人選擇對經典產品（例如人壽保險）的信任，這是某些人認為無效和不透明的選擇。在兩名代表的最近報告中，讓·菲利普·坦吉（RN）和弗朗索瓦·喬利維特（Horizo​​ns）（Horizo​​ns），人壽保險尤其針對其缺乏透明度和表現不佳的目標。

The report highlights "significant and poorly understood management fees" collected by insurers, as well as the historically low returns achieved by life insurance funds. Their calculations show that between 1999 and 2021, unit-linked investments in variable life insurance policies showed an average annual performance of -8 %.

該報告重點介紹了保險公司收取的“大量且知之甚少的管理費”，以及人壽保險基金所獲得的歷史悠久的回報。他們的計算表明，在1999年至2021年之間，對可變人壽保險單的單位連接投資顯示，平均年度績效為-8％。

This statistic fuels the broader debate on modernizing popular savings in France and the need for reform.

這種統計數據為在法國的流行儲蓄和改革的需求進行了更廣泛的辯論。

In contrast, mechanisms such as staking, crypto ETF, or interest-bearing stablecoins are experiencing rapid growth in several European countries, offering alternative investment opportunities with potentially higher returns.

相比之下，諸如Straking，Crypto ETF或承擔興趣的Stablecoins之類的機制在幾個歐洲國家正在迅速增長，提供了潛在的更高回報的替代投資機會。

However, these options are struggling to gain traction in France, which can be attributed in part to a lack of financial education or still unclear regulation. There is a real structural inertia in French wealth management, with the weight of history, taxation, and the traditional banking offer hindering the exploration of new solutions.

但是，這些選擇正在努力在法國獲得吸引力，這可能部分歸因於缺乏金融教育或仍然不清楚的法規。法國財富管理中有一個真正的結構慣性，歷史，稅收和傳統銀行業務的重量妨礙了對新解決方案的探索。

This situation begs the question of how to reorient a part of these 6,000 billion euros towards vectors of innovation and yield, without betraying the legitimate caution of savers.

這種情況引發了一個問題，即如何重新定位這6000億歐元中的一部分，朝著創新和產量的向量，而不背叛儲蓄者的合法謹慎。

In a context of technological and monetary revolution, where traditional financial models are challenged, France still seems hesitant to take the step. But as criticism intensifies, particularly around the increasing fragility of traditional real estate, as evidenced by the collapse of a significant part of household wealth, and as decentralized products mature, a mutation of wealth allocation becomes inevitable.

在技​​術和貨幣革命的背景下，傳統的財務模式受到挑戰，法國似乎仍然不願邁出一步。但是，隨著批評的加劇，尤其是在傳統房地產的脆弱性日益增加時，這是由大量家庭財富的崩潰所證明的，並且隨著分散的產品成熟，財富分配的突變變得不可避免。