Retirement at 65, the right age to save the system? Towards a new “whatever the cost”… The eco debates of Saturday March 12, 2022

Every Saturday, two economists discuss topics that mark economic and social news.

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Around Emmanuel Cugny, for these “eco debates”, Anne-Sophie Alsifprofessor of economics at the University of Paris 1 Panthéon-Sorbonne, chief economist of the consulting firm BDO France, and Philip Martinmember of the Circle of Economists, Professor of Economics at Sciences Po, Deputy Chairman of the Council for Economic Analysis.

Retirement at 65, the right age to save the system?

The sensitive issue of pensions burst into the presidential campaign on Thursday with candidate Emmanuel Macron’s proposal to push back the retirement age to 65. If he is re-elected in April, the Head of State aims to relaunch this vast pension reform which he had to suspend and then cancel in the midst of the Covid crisis. It proposes a gradual extension by 2032 of the retirement age to 65, a minimum pension of 1,100 euros for full careers, and the abolition of the main special schemes. Is the choice of candidate Macron the right one? And why 65?

Can France do without a new “whatever the cost”?

The government will present support measures next week to deal with the economic and social consequences of the war in Ukraine. A map of “resilience” which will be highly sectorized for businesses. An intervention on fuel prices is also planned. We will see what will happen on the financing aspect, but faced with the urgency and the scale of the new crisis, can France do without a new “whatever it takes” ?

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