Why the standard of living of retirees will drop in the future

Globally stable for twenty years, the relative standard of living of retirees began to decline in 2018 while that of the working population and the general population increased, indicates the latest report of the Retirement Orientation Council (COR) which must be published on Thursday and of which Le Figaro got a copy. There are three explanations for this.

First, pensions, which represent 72% of retiree income, increased less quickly than prices in 2018 and 2019, after being deindexed from inflation in a derogatory manner. The revaluation of basic pensions was limited to 0.3% in 2019 and 2020 (except for retirees whose gross pension for all schemes is less than 2,000 euros), for inflation of 1.8% in 2019. supplementary pensions, the cumulative revaluations in 2018 and 2019 as an annual average were 2 points lower than inflation. There followed a slight decrease in the average gross pension between 2017 and 2019, in constant euros.

Secondly,

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