Why the wealthiest French people emerge stronger from the Covid-19 crisis

DECRYPTION – A study by the Center for Economic Analysis (CAE) sheds light on the disparities in the financial evolution of businesses and households since the start of the pandemic.

Two years after the start of the covid crisis, economists have not finished taking stock of this unprecedented shock and the massive public support policy introduced in the process to respond to it. Three experts, linked to the Economic Analysis Council (CAE), Étienne Fize, Hélène Paris and Marion Rault, thus draw up a striking assessment of the evolution of the financial situation of companies and individuals since this shock, thanks to the study anonymized data from Crédit Mutuel bank accounts.

Economists do not criticize the public systems put in place, which have generally met the desired objectives of supporting businesses and individuals. They are interested in their distorting effects.

First observation, on the business side, the cash position of the groups hassignificantly improved during the second quarter of 2020 before stabilizing thereafter at levels significantly higher than before the crisis“. In other words, the aid distributed…

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