Pension reforms

Across developed countries, aging populations and slowing economic growth are rendering today’s retirement institutions unsustainable. As a result, working longer as societies age is both natural and necessary, meaning that what future generations may look back on as the “golden age” of retirement is now coming to an end.

A day of nationwide strikes against French President Emmanuel Macron’s pension reform plans, which would lift the French retirement age by two years, has paralyzed France. The big question now is whether Macron will blink and retract the law, which he pushed through last week without a parliamentary vote.