what changes on August 1st

Revaluation of the minimum wage, increase in the rate of savings accounts, end of exceptional measures for Covid-19… France 3 Corse takes stock of what is changing this Monday, August 1, 2022.

From the increase in the Smic to that of the booklet A through the end of the exceptional legal frameworks in the face of Covid-19, here is what changes on August 1:

Due to high inflation, the Smic (minimum interprofessional growth wage) will automatically increase on August 1 by 2.01%. For a full-time job, the monthly minimum wage thus goes from 1,302.64 euros to 1,329.06 euros net. The hourly minimum wage varies from 8.58 euros to 8.76 euros. This is the fourth increase in the Smic in less than a year, the last having taken place on May 1, with an increase of 2.65%.

In addition to the annual revaluation of January 1, the minimum wage is automatically increased during the year by the amount of inflation (calculated for the 20% of households with the lowest incomes) if this exceeds 2% compared to at the last increase.

The passbook A rate, the savings product held by the most French people, reached 2% from August 1. This is the second increase this year, after a first doubling of the rate on February 1, from 0.5%, a historic low, to 1%.

The doubling of the rate, proposed by the Governor of the Banque de France on July 14 and accepted immediately by the government, is explained by the rise in prices observed in recent months, which reached 6.1% over one year in July.

As for the rate of the Popular Savings Book, reserved for people with modest incomes (maximum 20,296 euros per year for a single person), it goes from 2.2% to 4.6%. We have to go back to 1998 to have a comparable rate (4.5%).

  • Back-to-school allowance

The back-to-school allowance (ARS) is paid at the end of August, subject to resources, to families with at least one school-going child aged 6 to 18 years. It is part of the benefits that must increase by 4% under the “purchasing power” bill to cope with inflation.

For the start of the 2022 school year, the amount is 376.98 euros per child aged 6 to 10; 397.78 euros per child aged 11 to 14 and 411.56 euros per child aged 15 to 18.

  • End of the state of health emergency

After more than two years of pandemic, the state of health emergency, an exceptional legal framework decreed in the face of the crisis, ends on August 1. There will be few concrete consequences, the main restrictions having already been lifted. Only two measures remain on the agenda: the maintenance of monitoring which makes it possible to know the number of cases or hospitalizations, and the possibility of imposing a negative test for travelers leaving or returning to mainland France or overseas.

In addition, the scientific council, created at the start of the pandemic, will disappear but the Ministry of Health has promised to replace it quickly with a more permanent version.

The “fuel discount” of 15 cents/litre applied excluding taxes, since 1uh April has been extended to August 31.

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