| > the part of the French economy not under the government control (circa 45%)! That public spending is c. 55% of GDP does not mean that private spending is 45% of GDP, since private + public spending does not equal GDP. Back of the envelope computations put private spending at 265% of GDP [0]. > if she is hired now, there is a good probability that she will have only a little retirement pension in 40 years, even if the law does not change. (probably close to the minimum salary, at least I hope so). So all this considerable amount of money will be wasted in the state and the "sécurité sociale" deep pockets. It is hard to understand how French people can both have "very low" pensions and then be one of the country that spend the most on pensions as a share of GDP [1], and have retirees richer than working people [2, p5.] [0] https://www.nouvelobs.com/rue89/rue89-chez-les-economistes-a... [1] https://data.oecd.org/socialexp/pension-spending.htm [2] http://www.cor-retraites.fr/IMG/pdf/doc-4099.pdf |
Yes that is entirely true, but you do not take in account that:
* The median average revenue is around 1200 euros per month!
* The pension is financed partly through the debt (one third)
* There are nearly as much retirees as workers (16M vs 17M)
* We are 65 M people and our "social security" is based on 17M people who are payed a misery? The system will bankrupt soon.