Politics · France · 5 hrs ago

Pension costs deepen generational tensions behind Europe’s protests

Pension costs deepen generational tensions behind Europe’s protests

Protests in France and other European countries reflect growing generational tensions over public spending.

In France, students and young people say schools and other services are neglected while governments pay pensions to a growing number of older people.

Pensions account for around 40% of social protection spending across the European Union, according to the figures cited in the story.

Young people face rising housing costs and doubts about their chances of success, while retirees say they should not lose payments they earned after working for decades.

Governments have often tried to control pension costs by raising the age when people can claim payments rather than reducing the amount.

France froze a planned retirement-age increase after protests against raising it from 62 to 64 in 2023.

The country says high debt leaves it unable to spend more on education, adding to young people’s anger.

French marches continued for a fifth weekend on Nov.

14, as protests over similar concerns have also taken place in several other European countries.

3 sources

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What people are saying

Sébastien DucrosFrench data analyst
A huge portion of the money is going toward retirees, while many other things are being neglected,
via Straits Times
Laurent GrinwaldRetired postal worker
We’ve been working all this time, and now, suddenly, the stance is, ‘Well, no, we’re going to start taking a bit more?’
via Straits Times
Jorge GalindoDirector of EsadeEcPol
It’s a generational clash,
via Straits Times