demonstration by demographic reality

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CHRONIC. By analyzing seven graphs, it is easy to see the irresponsibility of all those who claim to return to retirement at 60.

Par Jean de Kervasdoue

CGT trade unionists march on the Paris ring road and block traffic to protest against the pension reform, March 17, 2023.
© Bertrand Guay/AFP

Published on 03/23/2023 at 2:00 p.m.

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AWhen a social conflict unfolds, the outcome of which is not visible, it is important to return to the demographic reality of France, a crucial dimension for any pay-as-you-go pension system. Indeed, the logic of this mechanism is paradoxical in the sense that, at a given moment, those who finance pensions – the working people – certainly acquire rights for their own pension but do not know how, later, this debt will be honored by the generations that follow them.

Nothing, in fact, guarantees intergenerational equity in this area. It is therefore an extraordinary bet on the future which will, perhaps, ensure that the rights acquired over decades of work will one day be transformed into income. To illustrate this point, graphs are better than speeches…