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> average pension in France is now higher than the average salary This sounded crazy so I looked it up. I don’t think it’s quite true, but after you subtract t
by janalsncm 8d ago
> average pension in France is now higher than the average salary
This sounded crazy so I looked it up. I don’t think it’s quite true, but after you subtract taxes and living expenses (a lot of old people own their homes) and add investments, seems like retirees do have a higher standard of living than workers in France.
- red369 8d agoThanks for looking into that - that claim also surprises me! It makes sense to subtract the taxes for a comparison between pension and salary, but by taking investments into account, and probably living expenses too, since they depend upon investments, I think you're doing too much work to support that claim. Presumably it is fairly standard for the average retiree to have more assets/investments than the average worker. Those assets generate income (or reduce living expenses). I think that is too different from the claim that the pension is higher.
- janalsncm 8d agoTo be clear, the claim is false as it is written as far as I can tell. That said, young people have a lot more expenses. They need to buy houses and raise kids and get bigger cars. Retirees largely don’t have to do those things. So I can imagine the frustration if I was trying my best reach basic life milestones while at the same time being forced to pay for people who already achieved those things.
- PorciiVorbesc 7d ago>being forced to pay for people who already achieved those things. "Just pull yourself up by your bootstraps, like I did when I was your age." - Joe Boomer who bought his house for 20K and got a union job paying the equivalent of 80k today via a firm handshake