Aging Population Threatens France's Pension System
By 2070, one in three French citizens will be over 65, with working-age population shrinking by 3 million.
Healthcare, pensions, and old-age dependency account for over 40% of public spending.
France's pay-as-you-go pension system relies on payroll contributions from workers and employers.
Lower House suspended 2023 pension reform raising retirement age to 64.
Moscovici warned delaying reforms would worsen funding and tax revenue pressures.
Immigration offers partial relief but structural reforms are needed for employment growth.