Tuesday, July 9, 2013

Old but Happy

89% of French people over 70 are happy, according to Le Monde. This is remarkable, because people under 70 are far less blissed out. As if to compensate for this inequality, the government is contemplating requiring a greater "effort" from the retired, in the form of a higher CSG payment and a "disindexation" of retirement benefits for a few years. But the PS thinks there are limits to how tightly the government can squeeze this group of potential voters, and it is also worried about a proposed increase of the required years of pension contributions to 43, along with other possible pension reforms.