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Consumer credit: more than one in two French people wants to carry out their projects in 2020.



 

The French still have dreams in their heads. And they want to give themselves the means to achieve them! This is what emerges from a CSA study for Good Finance and made public at the end of January. More than half of them plan to carry out a project requiring a large budget in 2020. And one in five will rely for this on consumer credit.

An increasing share

An increasing share

Some imagined 2020 with flying cars or trips to the Moon or Mars. None of this course since 1 January, but remains onshore projects more land to produce. The CSA institute looked into these at the request of Good Finance and it turns out that the appetite of the French for projects is increasing in 2020 compared to 2019. They are indeed more likely to plan a budget important for carrying out a project (53%, +9 points).

More than a third of respondents even concede that they want to carry out more projects than in 2019 (35%, +7 points). And they intend to rely on this for a sharply rising budget: $ 5,186 on average, against $ 3,775 the previous year (+ 37%).

Improving housing, the first priority

Improving housing, the first priority

What projects are acclaimed by the French in 2020? The improvement in the living environment comes first and concerns 39% of those questioned (+6 points). They take three forms: renovation for 27% of respondents (+7 points), decoration for 24% (+1 point) and the purchase of new furniture for 21% (+1 point).

In the first case, they can rely on the work loan to cover part or all of the amount they budget ($ 8,487 on average). For decoration and furniture, however, they have the personal loan or assigned credit, to cover the sums cited by the CSA study ($ 1,725 ​​and $ 1,361 respectively).

Travel, appliances and automotive well placed

Travel, appliances and automotive well placed

The other main projects of the French for 2020 are travel (31%, +3 points), the purchase of equipment (25%, -3 points) – notably household appliances (19%) and high-tech products ( 16%) – and the acquisition of a new car (22%, +5 points). In terms of travel, the average budget slightly exceeds $ 2,500, while it is $ 1,121 for household appliances and $ 1,287 for multimedia.

For the car, the 13% of French people who are eyeing a new model are ready to put $ 22,385, while those who favor a second hand – the same proportion – have a budget of almost $ 8,700. More and more are giving in to the sirens of leasing which was used in almost four out of ten purchases in 2019 in dealerships, but car credit remains a means of financing the purchase of a car.

The consumer loan seduces

The consumer loan seduces

Moreover, consumer credit is cited by one in five respondents to finance their projects in 2020 (+5 points). Four in ten will rather draw on their savings, and one in three on its budget dedicated to current expenses. The CSA institute indicates that 38% of French people see consumer loans as a method of financing making it possible to have more fun, an increasing proportion (+10 points). For almost three out of ten respondents (29%), it is also the possibility of carrying out their projects in a shorter time. More than one in three (34%) think of consumer credit as a solution that avoids drawing on their savings.

 

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