This is the first subject of concern of the French, the one which occupied a major part of the campaign and will remain at the heart of the attention of the president: purchasing power.
In this regard, Emmanuel Macron is not beginning his second five-year term with great credit.
At the end of March, 74% of French people felt that their purchasing power had deteriorated since his election in 2017… Admittedly, this feeling is contradicted by the statistics.
According to INSEE, the Treasury and the OFCE, household purchasing power has increased by around 5% in 5 years.
However, these are average data.
While working people have seen their standard of living improve, retirees have been worse off, and the unemployed have suffered.
This is the consequence of the work revaluation policy desired by Emmanuel Macron, in particular through the activity bonus.
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Above all, these observations from the past say nothing of the challenges of the new five-year term, as the situation has changed.
Because, after several decades of calm, inflation has made its…
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