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Retirement: French people worried but not sufficiently far-sighted

2023-12-01T07:20:28.946Z

Highlights: French people worried about retirement but not sufficiently far-sighted. Nearly one in two don't invest in retirement planning, according to a survey. However, a majority expect a drop in income. The well-established pay-as-you-go pension system probably has something to do with this, even if it is no longer sufficient. The retirement savings plan (PER) is a success with 7.4 million contracts held, but still few workers have already subscribed to it - an individual can be the owner.


Nearly one in two don't invest in retirement planning, according to a survey. However, a majority expect a drop in income.


This article is from "Figaro Magazine"

It's a paradox that never ceases to amaze. The French are worried about their retirement, yet few of them are saving for their old age. A survey conducted for the savings platform Nalo confirms this: almost 80% of them expect a decrease in their standard of living, but almost one in two respondents (48%) do not save for it.

The well-established pay-as-you-go pension system probably has something to do with this, even if it is no longer sufficient. "The French tend to bury their heads in the sand," says Albert d'Anthoüard, head of private clients at Nalo. It's very different from the U.S., where individuals invest in it right out of college."

Investing in financial products

However, financial products do exist. The retirement savings plan (PER) is a success with 7.4 million contracts held, but still few workers have already subscribed to it - an individual can be the owner...

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Source: lefigaro

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