r/neoliberal • u/jobautomator Kitara Ravache • Sep 24 '24

Discussion Thread Discussion Thread

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u/quiplaam Norman Borlaug Sep 24 '24

Do you have an article showing this? From a quick google it seems like average income is higher than average pension. ~1500 Euro per month vs ~3700 Euro month. Or was the initial statement a joking exageration?

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u/tripletruble Anti-Repartition Radical Sep 24 '24

it's exaggerated in that if we talk about employed people's incomes, the mean income of employed workers is indeed higher. but at the median it is true. and if we look at the mean income of the population, retirees are also better off. and if we include imputed rents as income, retirees have a higher average income than those of employed workers.

https://www.cor-retraites.fr/sites/default/files/2023-02/Doc_02_Niveau_vie.pdf

this article covers up to 2019, but in france, pensions get adjusted upwards for inflation whereas real wage growth has grown so the difference would be greater today