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Cake day: October 6th, 2023

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  • The French retirement age is a bit of a problem.

    France partly has a pay as you go system, meaning current working people are paying the pensions of retired people.

    France also has an aging population, so there will be fewer people paying for more people. And that’s a problem, and you can really only solve it by increasing income, decreasing spending, or having fewer retired people (and raising the age is the most ethical way to do that).

    You can’t do nothing and expect a pay-as-you-go system to keep working with an aging population.