Fun fact: in France the median pensioner earns more than the median worker now

AnotherGoodName 8 hours ago | parent | next [-]

To be clear the statement is that people of pension age earn more than others. Not that they earn more from the pension specifically. Retirement account investments have been generating huge returns for a while now and wages have been stagnating. Which is a problem but no one should read this as "Frances pension is too high" since that's not what this statement is about.

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wagwang 7 hours ago | parent [-]

The median person does not have a investment account so that is completely moot. The bottom 50% probably owns less than 1% of stock in aggregate.

	▲	AnotherGoodName 6 hours ago \| parent [-]
		Not quite true everywhere. ie. The median wealth per adult in France is higher than the median wealth per adult in the USA since there's a better Gini coefficient over there.

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klipt 9 hours ago | parent | prev [-]

Gerontocracy?