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Cake day: August 5th, 2023

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  • Something to keep in mind while talking about birth rate in France, is that we have a retirement system that is centered around growth. We do not have individual retirement plans, we pay each month for the currently retired people, and the workers will pay for ours when we retire. This creates a problem when the population of retired ppl is in augmentation and the active population ( working and paying taxes) is declining.

    For a long time there was way more active pop than retired so we have a safety net, but it will slowly erode. And currently the political “solution” being pushed is not growing the active population (immigration for instance), but shifting the system towards a capitalisation (ie. Simililar to 401k)