5min chapter

Economics Explained cover image

Why France's Pension Protests Are So Important Interview with Dr. Tomasz Michalski

Economics Explained

CHAPTER

The Importance of Reform in France

France spends a large fraction of its GDP on pensions, the figure hovers above 15% in recent years. The lifespan in retirement for France is very long, it's 20 odd years once you reach the retirement age. This is clearly unsustainable, and what's also interesting, that reform itself is not popular but the view is a little bit more nuanced. Half of the people that are interviewed in different surveys, they understand there is a need to reform the pension system. But how? And this is exactly not necessarily well addressed by the government now.

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