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Purchasing power: the popular savings account, an investment for low-income households


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Purchasing power: the popular savings account, an investment for low-income households

Less known than the Livret A, the popular savings account (THE P) is interesting for modest incomes. The journalist Katherine Flushing explains how it works on the set of 19/20, Friday May 13.

For the most modest households, the People’s Savings Account (THE P) can be interesting. “55 million people in France hold a Livret A, compared to 7 million for the Livret d’épargne populaire, while 15 million French people are eligible for it”explains journalist Catherine Flushingon the set of 19/20, Friday May 13. However, it is as easy to use as a Livret A and pays more.

“Since February 1, the annual interest rate of the Livret A is at 1%, that of the Livret d’épargne populaire is at 2.2%, i.e. more than double”, continues the journalist. The interest received is fully tax-exempt, but the maximum amount of the LEP is 7,700 euros. “The Popular Savings Account is reserved for certain incomes. Concretely, for a single person, you should not earn more than 1,691 euros net per month. For a family with two children, no more than 3,500 euros net per month”, concludes Catherine Flushing.


Purchasing power: the popular savings account, an investment for low-income households

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