INFO FRANCEINFO. The standard of living of retirees is higher than that of the rest of the French population

If we take into account assets, the average standard of living of retirees is higher than that of workers according to a study by the economic consulting firm Asterès.

The standard of living of retirees is higher than that of the rest of the French population, if we take into account assets, according to a study by the economic consultancy firm Asterès, unveiled Monday October 7 by franceinfo, while the government is considering to postpone the indexation of pensions to inflation by six months.

“The average standard of living of retirees is higher than that of workers,” according to this study which compiles figures from the Retirement Orientation Council (Cor) and INSEE. “In terms of assets or the probability of being below the poverty line, the situation of those over 65 is also more favorable than that of the rest of the population.”

According to the study, the disposable income and standard of living of retirees are “inferior” to those of active workers with 2,188 euros per month on average compared to 2,489 euros for employed workers. However, taking into account the “imputed rent”that is to say the rents that owners pay to themselves in national accounts, “the adjusted standard of living of retirees becomes higher than that of workers”.

“This is explained by the fact that retirees have more assets than the rest of the population. On average, households where the reference person is over 60 years old have assets greater than 300,000 euros, while is on average less than 300,000 euros for younger households. In fact, 62% of retirees are owners, having already repaid their loan, while only 17% of those under 50 are in this situation.

“Moreover, households over 64 are less affected by poverty than younger households,” continues the Asterès firm. “Indeed, the poverty rate for 65-74 year olds is 10.7%, and 11.4% for those over 75. These are the lowest rates, whatever the age brackets. age considered, those under 18 being the most affected by poverty (20.4%).

The government plans to postpone the indexation of pensions to inflation by six months, from January 1 to July 1, 2025, which would save 4 billion euros out of the 60 billion savings envisaged in the budget.