French pensioners have it pretty good. The minimum age at which a French worker can obtain their state pension is 62, with many retiring as early as 60. French retirees receive some of the most generous pension payments in all of Europe, now averaging around 1,500 euros a month (about $1,750). The result is that French seniors have higher average incomes than working-age people.
There's just one problem: This is completely unsustainable. The combination of generous pensions and an aging population means France is sitting on a budgetary time bomb, and the public has repeatedly rejected any attempt to defuse it.
