法国家庭拥有创纪录的63.564亿欧元的金融财富，超越了国家债务

这个数字远远超过了国家公共债务，超过了CAC 40的市值。在这种令人印象深刻的积累背后是一个社会选择：大量节省的选择，朝着安全而不是产量为导向。法国悖论是在经济要求创新和市场进行控制冒险的时候。

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.

法国家庭的金融财富达到63.564亿欧元，标志着法国银行揭示的绝对记录。这笔惊人的款项远远超过了国家公共债务，超过了CAC 40的市值，这证明了社会选择：大量储蓄以安全而不是产量为导向。在经济要求创新和市场以控制冒险的时候，它提出了法国悖论。

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.

根据几项分析，虽然法国经常在金融破产的边缘描绘，这突出了该国公共财政的恶化，但这与私人财富的明显稳固形成鲜明对比。法国银行发布的最新数据显示，截至2024年12月31日，法国家庭的财务财富为63.564亿欧元。

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.

尽管在2024年的第三季度达到了创纪录的高度，但这是一年内增长1.7％。这笔财富的大部分是在无风险的储蓄产品中持有的，这是由当前经济不确定性和波动性的偏好所驱动的。

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."

法国银行指出：“这笔款项的巨大规模是通过法国人的高储蓄率（18％）来解释的，这证实了优先级优先级超过收益率的持久趋势。”

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.

这种资本保存策略在家庭财富的结构中很明显，家庭财富的结构主要由存款和易于实现的证券组成，证明了偏爱立即流动性以及在寻找收益率的情况下没有风险。

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.

法国人选择对经典产品（例如人寿保险）的信任，这是某些人认为无效和不透明的选择。在两名代表的最近报告中，让·菲利普·坦吉（RN）和弗朗索瓦·乔利维特（Horizo​​ns）（Horizo​​ns），人寿保险尤其针对其缺乏透明度和表现不佳的目标。

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 %.

该报告重点介绍了保险公司收取的“大量且知之甚少的管理费”，以及人寿保险基金所获得的历史悠久的回报。他们的计算表明，在1999年至2021年之间，对可变人寿保险单的单位连接投资显示，平均年度绩效为-8％。

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

这种统计数据为在法国的流行储蓄和改革的需求进行了更广泛的辩论。

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，诸如Straking，Crypto ETF或承担兴趣的Stablecoins之类的机制在几个欧洲国家正在迅速增长，提供了潜在的更高回报的替代投资机会。

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，这些选择正在努力在法国获得吸引力，这可能部分归因于缺乏金融教育或仍然不清楚的法规。法国财富管理中有一个真正的结构惯性，历史，税收和传统银行业务的重量妨碍了对新解决方案的探索。

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.

这种情况引发了一个问题，即如何重新定位这6000亿欧元中的一部分，朝着创新和产量的向量，而不背叛储蓄者的合法谨慎。

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​​术和货币革命的背景下，传统的财务模式受到挑战，法国似乎仍然不愿迈出一步。但是，随着批评的加剧，尤其是在传统房地产的脆弱性日益增加时，这是由大量家庭财富的崩溃所证明的，并且随着分散的产品成熟，财富分配的突变变得不可避免。