"French retirees officially bring in more income than their working-aged counterparts, as Americans are struggling to find the funds to retire and support their post-employment lifestyle. Due to France's relatively young retirement age, lofty governmental spending on pensions, and high wage replacement rate, they're now out-earning citizens with jobs as the country's officials try and make unpopular changes. French retirees over the age of 65 now make more money relative to the average salary of working-age adults in the country,"
"The average pensioner earned about €1,626 gross per month ($1,926) at the end of 2022, and currently earn around 2% more than working adults. Although it's a marginal gain, it's the total opposite of retirees in most other nations; American pensioners earn about a sixth less in relative income compared to employed adults, U.K. retirees bring in about a fifth less, and retired Australians face the largest disparity, with a third less in income."
French retirees over 65 earn slightly more than working-aged adults, with average pensioners receiving about €1,626 gross per month at the end of 2022. The pension advantage is roughly 2% above working adults in France, while retirees in the United States, the U.K., and Australia earn substantially less relative to employed populations. Between 1970 and 2020, median income rose about 100% for working-aged French citizens and more than 160% for retirees. Contributing factors include a relatively young retirement age, high government pension spending, a generous wage replacement rate, and a system that can provide up to 50% of average annual earnings.
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