The issue with pensions is that our demography has changed.
We’re living longer and longer. Longer and longer in good health, which is a very good thing per se, but the issue is about the balance between the people who work and those who don’t.
This shift has been the justification of every pension overhaul effort in the past 20 years,
each time with reforms consisting of raising retirement age.
These have been tough changes, but the system must be conceived in a way that allows it to find the right balance.
– President Emmanuel Macron, 3 October 2023