France Has a Pension Problem

About this video

Check out Odoo today: https://www.odoo.com/r/GzD7 Our Discord Community (FREE): https://discord.com/invite/Efbjh7Qj4V 📚 Review our sources ► https://pastebin.com/1NKN49TT 💻 Check out our other socials ► linktr.ee/2and20 ✋ Get in touch ► kamal@2and20media.com In January 2023, France triggered one of the largest protest movements in modern European history. President Emmanuel Macron raised the retirement age from 62 to 64 in an attempt to stop the collapse of France’s pension system. Millions of protesters flooded the streets. Trade unions went on strike. Public transport shut down. Garbage piled up across Paris. France came to a standstill. But behind the chaos was a hard economic reality. French pension spending has exploded. Pensioners now earn more than the average working French adult. Since 1970, wages in France have increased roughly 100 percent, while pensions grew closer to 160 percent. France now spends nearly 14 percent of its GDP on pensions, one of the highest rates in the developed world. In 2025, Parliament froze Macron’s pension reform until at least 2028, adding nearly €2 billion in costs. And pensions are only one part of a much larger crisis. France has run persistent budget deficits since the 1970s. Public debt is now over 110 percent of GDP and climbing. Economic growth is weak. Political fragmentation is extreme. And meaningful reform has become almost impossible. This is France. Vive la Spending.. 00:00 - Intro 01:21 - Social Insecurity 04:32 - No Leadership 08:26 - Debt Includes music by Tom Fox – tomfox.site