The founder of Timothy Financial Counsel on the best candidates for hourly advice, direct indexing and tax planning, and how his firm advises clients in retirement.
on the streets today. macron has concentrated all of his political power in his role as president. he has not given a share of the decision making to the government, not properly, and the unions are trying to, in an orderly fashion, persuade the government, persuade macron, to negotiate and he is refusing to. let s take a closer look at the reforms president macron is trying to push through. currently, france s state retirement age is 62 much lower than many of its european neighbours. in the uk, it s currently 66, germany and italy 67, and spain 65. the problem, according to mr macron, is demographics. there are only 1.7 workers for every pensioner in france, down from 2.1 in 2000. if the retirement age were to remain fixed at 62, there would only be 1.2 taxpaying workers to support each retiree in 2070. retirement spending by the state was equal to 13.6% of its economy in 2021, compared to about 10% in germany and nearly 11% in spain.
decision making to the government, not properly, and the unions are trying to in an orderly fashion persuade the government, persuade macron to negotiate. and he is refusing to. and he is refusing to. let s take a closer look at the reforms president macron is trying to push through. currently, france s state retirement age is 62 much lower than many of its european neighbours. in the uk it s currently 66, germany and italy 67, and spain 65. the problem, according to mr macron, is demographics. there are only 1.7 workers for every pensioner in france, down from 2.1 in 2000. if the retirement age were to remain fixed at 62, there would only be 1.2 taxpaying workers to support each retiree in 2070. retirement spending by the state was equal to 13.6% of its economy in 2021, compared to about 10% in germany and nearly 11% in spain.
on pushing this reform through? and why is it proving so tricky? currently, france s state retirement age is 62 much lower than many of its european neighbours. in the uk it s 66, germany and italy 67, and spain 65. the problem, according to macron is demographics. there are only 1.7 workers for every pensioner in france, down from 2.1 in 2000. if the retirement age were to remain fixed at 62, there would only be 1.2 taxpaying workers to support each retiree in 2070. retirement spending by the state was equal to 13.6% of its economy in 2021, compared to about 10% in germany and nearly 11% in spain. those arguments have not convinced many opposition politicians. here s clementine autain from the hard left france unbowed party.
these demonstrators managed to get on to the railway tracks near the gare de lyon station in paris. france s state owned railway company said to expect severe disruption, with half of all high speed trains cancelled. so why is president macron so keen on pushing this reform through? and why is it proving so tricky? currently, france s state retirement age is 62 much lower than many of its european neighbours. in the uk it s 66, germany and italy 67, and spain 65. the problem, according to macron is demographics. there are only 1.7 workers for every pensioner in france, down from 2.1 in 2000. if the retirement age were to remain fixed at 62, there would only be 1.2 taxpaying workers to support each retiree in 2070. retirement spending by the state was equal to 13.6 percent of its economy in 2021, compared to about 10 percent in germany and nearly