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France to Raise Retirement Age to 64 by 2030

7/2/2026

41 9 Full Breakdown

Summary

Story summary

Élisabeth Borne announced a plan to raise France’s retirement age from 62 to 64 by 2030.
Retirees over 65 earned €1,626 gross per month at the end of 2022, 2% above the average working-age salary.
France’s pension system provides a replacement rate of about 74% and costs about 14% of GDP, compared with a 50% replacement rate and 7% of GDP in the United States.

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Story summary

Élisabeth Borne announced a plan to raise France’s retirement age from 62 to 64 by 2030.
Retirees over 65 earned €1,626 gross per month at the end of 2022, 2% above the average working-age salary.
France’s pension system provides a replacement rate of about 74% and costs about 14% of GDP, compared with a 50% replacement rate and 7% of GDP in the United States.