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00:00In France, work contributes to the system and rest is guaranteed.
00:04After a lifetime of hard work in service to society,
00:06The state will ensure that you receive a decent income.
00:09The French pension system stems from a unique social model,
00:13founded on solidarity, and which the whole world envies us.
00:16It is a pillar of the famous republican pact,
00:19It's been going on for 80 years and it's become part of our customs.
00:22Naturally, in the mind of a Frenchman, after work comes retirement.
00:26At least among the older generation, because among the younger generation,
00:28On the other hand, we no longer have any illusions.
00:30The current system will not last long enough
00:32so that today's French youth can benefit from it one day.
00:35And I'm afraid she's right.
00:37The model that protected three generations of French people is collapsing.
00:41Not tomorrow, not in 50 years, now.
00:44The French are living longer and healthier lives today.
00:47They work less and there are more of them.
00:49All these advances eventually caused the system to break down.
00:51which was not designed for that.
00:53For the past 15 years, France has been trying to save its pensions.
00:55and increases the pace of reforms, but nothing works.
00:58According to all models, the current pension system is doomed.
01:01However, it's not the end of the world.
01:03But our pension system will have to evolve into something else.
01:06In this video, I'm going to show you the worst-case scenario.
01:08if France remains inactive,
01:10models that work abroad,
01:12and above all, the concrete strategy you need to implement
01:14so as not to end up with 800 euros a month at 65 years old.
01:18But before going any further, let's talk about a worrying subject,
01:20your personal data.
01:21During this year, the data of millions of French people has been exposed,
01:24Pôle emploi, SFR, Free, and that's just the tip of the iceberg.
01:29What many people don't know is that right now,
01:31hundreds of companies called "data brokers"
01:33they sell your private information.
01:35Name, address, telephone number, or even purchase history.
01:38And when this data falls into the wrong hands,
01:40This can lead to identity theft.
01:42targeted scams or even harassment.
01:44And that's where Incognito comes in.
01:46Our partner who is revolutionizing data protection.
01:48Its automated service contacts its "data brokers"
01:51may require the deletion of your personal information.
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01:58and continues to ensure that your data remains private.
02:01Take advantage of an exceptional discount right now!
02:0360% off the annual subscription with the code MONIRADAR.
02:06This is the perfect opportunity to regain control
02:08of your personal data.
02:09See the description for details.
02:11Welcome to MONIRADAR.
02:21The French retirement system is a model we are proud of.
02:26the result of decades of struggles and social progress.
02:29And without a doubt, the most generous in the world.
02:32The pay-as-you-go system was established in 1945.
02:34among all the laws adopted to address the wounds suffered by the population after the war.
02:38The Republican commitment contract makes it one of its pillars,
02:41on the same level as the values of liberty, equality, fraternity, secularism,
02:46protection of the integrity of the territory or of the dignity of the human person.
02:49The principle of the pay-as-you-go system is simple.
02:51Contributions from the working population directly finance the pensions of retirees.
02:55There are no individual accounts; it's a collective safety net managed by the state.
02:58and its pension funds which exploit intergenerational solidarity.
03:03For decades, demographics, growth, and other fundamentals
03:06They stayed green and everything worked well.
03:08But the first imbalances appeared in the 1990s.
03:11The French population is larger than ever, and they live better and longer lives.
03:15The duration of retirement is increasing.
03:17To support these changes, the government is reforming,
03:20several times and more and more often.
03:22In 1993, the Baladur reform extended the contribution period in the private sector.
03:25and indexes pension calculations to the last 25 years of income instead of 10.
03:30Then, the Fillon reform further extended contribution periods in 2003.
03:33Then the legal retirement age was raised to 62 in 2010.
03:36Then the contribution period increases in 2014 to reach 43 years in 2030.
03:40then in 2019 with the merger of Agirc and Arco,
03:42and finally the most recent one in 2023 raises the retirement age to 64.
03:45A reform suspended by the last Prime Minister in office.
03:49at the time I am preparing this video,
03:51and whose future is already being called into question,
03:53The cause is to be found in the political crisis that France is going through.
03:56Therefore, we can reasonably expect a new reform soon.
03:59reform, reform, reform,
04:00pensions in 2027,
04:01after the presidential elections.
04:04France has been reforming every 4 years since 2010.
04:06Previously, it was every 7 to 10 years, or even 15 years between 1945 and 1993.
04:10It's like putting bits of tape on a leaking pipe.
04:14Retirees' pensions cost 388 billion euros.
04:17that is 14% of GDP.
04:19This is one of the highest levels in Europe.
04:21And 307 billion, or 80%, is financed by public money.
04:25This is the main item in the state budget.
04:28more than education, housing, or defense.
04:31And they put a lot of pressure on them every year.
04:33during the debates on the finance bill.
04:35For the past 30 years, it is no longer the workers,
04:37but the taxpayers who fund pensions.
04:40When 4 workers in 1970 financed a retirement,
04:43or 3 in 1980,
04:44There were fewer than 2 of them in 2020.
04:46and they will only be 1.3 in 2030.
04:49Someone has to foot the bill.
04:51And on the other side, not only are there more beneficiaries,
04:54but they also leave earlier than elsewhere.
04:56and they receive their pension for a longer period.
04:57In 1970, retirement lasted between 12 and 15 years.
05:01Today, they are between 20 and 25 years old.
05:03For the moment, it still protects seniors well.
05:05The average income of French retirees
05:07remain close to those of assets.
05:09The median income of people over 65
05:10flirts with 94% of the general European median income.
05:14France also counts the poverty rate
05:16among the most vulnerable over-65s in OECD countries
05:196%, compared to an average of 15%.
05:22But this situation will not last.
05:24The security enjoyed by today's retirees
05:26is no longer guaranteed for future generations.
05:28The pension system is unstable.
05:30It is no longer suitable for the French population.
05:32It requires too much work and public money.
05:34Furthermore, it is frozen until 2027.
05:37So yes, we will have to go through the reform process.
05:40but reform with a capital R.
05:42And to know what awaits us,
05:44We're going to go and see what's happening elsewhere.
05:45I'd also like to take this opportunity to tell you
05:46that if this kind of in-depth analysis
05:48If you are interested in the economy,
05:50You need to subscribe to the channel.
05:51It's free and it helps us enormously.
05:53But you know what you have to do.
05:56Each country has developed its own system
05:57financing for old age.
05:59So there is plenty of inspiration to be found.
06:01In the United States, retirement depends primarily on
06:03individual savings.
06:04There is indeed a basic state pension,
06:07but its share remains a minority.
06:08Everyone puts money aside in special accounts
06:10money that is invested directly in the stock market.
06:13An American-style funded retirement plan
06:15offers superior returns.
06:16And in theory, more freedom.
06:18The contributor can enjoy their money
06:19wherever and whenever he wants,
06:21but it is subject to market risk.
06:23If the stock market collapses, or some other catastrophe occurs,
06:25The money is lost.
06:26The employees of the energy company Enron
06:28will be able to tell you about it.
06:29In 2001, their retirement savings skyrocketed.
06:31when accounting fraud sent their employer into bankruptcy.
06:34A loss of $60 billion
06:36and thousands of Americans deprived of their pensions.
06:38Individual retirement savings plan
06:40is a model that empowers,
06:42but which exposes one to volatility
06:43that many French people would find difficult to accept.
06:47In Switzerland, the system is mixed
06:48and runs like clockwork.
06:50Three pillars, a small distribution,
06:52mandatory capitalization
06:53and voluntary savings as a bonus.
06:56It's expensive, it's strict,
06:57but pensioners there are among the best protected in the world.
06:59The downside is that it puts a heavy burden on salaries.
07:01and on the cost of labor
07:02and that a transposition in France
07:04would require a major cultural shift.
07:07Spain faces the same demographic challenges as we do.
07:09and tries to save his system
07:10by alternating painful reforms
07:11and budgetary fixes,
07:13Nothing very exportable.
07:15Japan also has its own pay-as-you-go system
07:17and it is a living laboratory of extreme aging.
07:20He has to manage with an active ratio
07:22on a disastrous retirement,
07:24enormous tax pressure
07:25and a system that survives primarily thanks to collective discipline
07:28almost impossible to reproduce in France.
07:31Culturally, work is a social mission
07:33integrated into the lives of Japanese people well into old age.
07:35Continuing to work beyond the age of 65,
07:37Often up to 70 years of age or more, this is normal.
07:40The Japanese pay more and for a longer period
07:42and receive pensions for an average of 20 years.
07:44And then there are the northern nations,
07:46Denmark, Sweden, the Netherlands.
07:48They all adopted mixed systems
07:49combining mandatory distribution and capitalization.
07:52This hybridization gives them instability
07:54that 100% public or 100% private systems do not have.
07:57Pensions there are solid and predictable.
07:59and public finances are less exposed.
08:01This is probably the closest match.
08:03to a viable compromise for France
08:04if one day she agrees to change her red lines.
08:07An uncomfortable choice on which his future will depend.
08:10If nothing changes
08:11and that the reforms are once again content
08:13to apply patches,
08:15So the story is already written.
08:17The contribution period will continue to lengthen,
08:19Contributions will increase gradually.
08:21Pensions will gradually erode
08:23and structural debt will become the norm.
08:26In other words, the system will hold.
08:28but always walking a tightrope.
08:29with a fragile balance
08:30and ongoing adjustments
08:32which will eventually wear everyone out
08:33active, taxpayer and retiree.
08:36The option of keeping the system
08:38by distribution as is
08:39is unsustainable in the long term
08:41in a rapidly aging country
08:42and who is not prepared to work until the age of 70.
08:45Another option, the most likely one,
08:46the evolution towards a mixed system
08:48where a share of mandatory capitalisation
08:50would reinforce the current model
08:51as in Nordic countries.
08:53Finally, the third option,
08:54already underway without being said
08:56American-style individual capitalization,
08:58personal savings,
08:59real estate or financial markets.
09:01It's silent, it's slow,
09:02but that's already the strategy
09:03that many French workers adopt
09:05to secure their future,
09:06including myself.
09:07I obviously encourage you to do so
09:08as soon as you can
09:09And for that I will give you
09:11a few pipes that weren't punctured this time.
09:13At this stage, one thing is clear.
09:14If we want to avoid the hardship of retirement,
09:16You have to start preparing it yourself.
09:18Not in survivalist, anxious mode,
09:20but within a framework of progressive autonomy.
09:23If the reform is suspended
09:24were to be applied as it stands,
09:26French private sector retirees
09:27could hope to receive the equivalent
09:2850% of their former average salary
09:30and it will be 75% for the public.
09:33Hence the need for compensation.
09:35And even if in 10, 15 or 20 years,
09:37France has recovered
09:38and relies on an excellent public system,
09:40Let's be crazy,
09:41nothing prevents you from adding
09:42his future income
09:43by applying his personal strategy,
09:45especially since anyone can do it,
09:47even with very little money.
09:48The first reaction,
09:49It's about putting time on your side.
09:51When you're 25 or 30 years old,
09:53even 50 euros per month
09:54can change a life
09:54thanks to capitalization.
09:5650 euros seems like a small amount.
09:58but the earlier you start
09:59and more compound interest
10:00unleash their power.
10:0150 euros per month
10:0225 years old,
10:04That's over 99,000 euros
10:05at 65
10:06at 6% per year.
10:07And if I consider performance
10:08global stock exchanges
10:09from 1987 to 2023,
10:11that is 8.4% per year,
10:14That makes 200,000 euros.
10:15At 45 or 50 years old,
10:16It's not too late either.
10:18It simply requires
10:18to be more methodical,
10:19invest a little more,
10:21better diversify
10:21and accept returns
10:22slightly lower.
10:24The goal is to constitute
10:25the largest possible capital
10:26and then transform it
10:27as a revenue distributor.
10:29And that's something
10:29which should be taught
10:30in all high schools in France.
10:32For many people,
10:33100,000 euros is a huge amount.
10:34But don't let yourself be intimidated.
10:36This is actually the threshold
10:37where things begin
10:38to become concrete.
10:39Converted into a life annuity
10:40at 65 years old,
10:41these 100,000 euros
10:42represent approximately
10:43350 to 460 euros per month
10:45guaranteed for life.
10:47Well positioned on assets
10:48to distribution,
10:49such as dividend-paying stocks
10:50or rock-paper,
10:51they will be able to bring you
10:52more or less the same thing
10:53if the markets are doing well,
10:54that's around 450 euros per month,
10:56but they will not be guaranteed
10:58like an annuity.
10:59Both
10:59does not constitute
11:00A complete retirement, of course.
11:02But there are ways to compensate
11:03a portion of the loss of income,
11:04and that's an easy goal
11:06to be achieved at any age.
11:08By performing the operation
11:08in the other direction,
11:10we see that in order to obtain
11:111,000 euros of future gross income,
11:12capital needs to be built up
11:13approximately 220,000 euros.
11:15Real estate,
11:16it's often the first choice
11:16French people.
11:18A primary residence
11:19fully refunded
11:20allows one to do without
11:20of expenses related to housing,
11:22but it doesn't make any money.
11:24Rental property
11:25reports on average
11:254 to 5% per year,
11:27but it's a major operation
11:28which remains reserved
11:29to certain scholarships.
11:30The smallest ones will turn
11:31then towards the worst paper,
11:32SCPIs,
11:33simpler,
11:34which allow you to buy
11:35rental real estate
11:36starting from 1,000 euros.
11:38The stock market, however,
11:38demand for discipline,
11:39but not necessarily
11:40technical knowledge,
11:41contrary to the image
11:42that she gives.
11:43A diversified portfolio,
11:44exposed to large areas
11:46global economics
11:47and fed regularly
11:48in the long term,
11:49It's the most effective tool
11:50to grow capital
11:51without spending all your evenings there.
11:53Apply the magic formula
11:54ETF plus DCA.
11:56You can do it yourself
11:58with some ETFs
11:58or you can use
12:00the same strategy
12:00that the elite have been doing for the last 20 years,
12:02the global macro.
12:03She is constantly analyzing
12:04major economic cycles
12:06to position your capital
12:07in the right place
12:08at the right time.
12:09United States, when the time is right,
12:10Europe when it bounces back.
12:12However, when it's necessary to protect oneself,
12:13obligation when the rates
12:14are attractive.
12:15This method,
12:16used for 20 years
12:17by hedge funds
12:18has proven its strength.
12:194.7% in 2008
12:21during the crisis,
12:239% in 2022
12:24during the general collapse,
12:25between 7 and 10%
12:27per year over 20 years
12:27with volatility
12:283 times less.
12:30The 400 members
12:31from our group
12:31Macro Insider
12:32they already use it
12:33with allowances
12:33diverse international.
12:35Result,
12:368% performance
12:37since June,
12:38exactly what we need
12:39to compensate
12:40A pension that will shrink.
12:41Macro Insider,
12:42It's a macro report
12:43clear every month,
12:443 portfolios
12:44ready to use
12:45depending on your risk profile
12:46and 15 years of expertise
12:47institutional,
12:49all applicable
12:49in 1 hour per month.
12:51Facing the collapse
12:51announced pensions,
12:52Rely only on yourself.
12:54I'll put the link in the description.
12:55to register
12:55on the waiting list
12:56while awaiting the reopening
12:57of the group.
12:59Invest too
13:00in your own value.
13:01Use your skills
13:02to create you
13:03micro-activities
13:04which generate income
13:05in addition.
13:06When you arrive
13:06at 60 years old
13:07or earlier
13:07depending on your objective,
13:08You will be ready.
13:09You will have built yourself
13:10your cash machine
13:11and you will not have suffered
13:12the reform of the system
13:13retirement.
13:14Whether it's in 15,
13:1520 or 30 years old,
13:15the French system
13:16will always bring something.
13:18But the State
13:18will no longer be able to manage on his own.
13:20Any new reform
13:21will decrease
13:21the advantages
13:22future retirees.
13:23The amount of pensions
13:24will fall again
13:25and given the political climate
13:26who reigns at this time,
13:27the best is still
13:27to expect nothing
13:28from the French government.
13:30When your income
13:31will be divided by 2,
13:323 or even 4,
13:33You will be ready.
13:34If you know
13:35other means
13:35to prepare,
13:36means that are not necessarily financial.
13:38don't hesitate
13:38to share them
13:39with the community.
13:40And don't forget,
13:41to protect
13:41your personal data
13:42against leaks
13:43and the resale of information,
13:45Think of Incognito.
13:46Its automated service
13:47cleans and protects
13:47your private information
13:49data brokers.
13:49Enjoy a 60% discount
13:51with the code MONIRADAR,
13:53the link is also
13:53in description.
13:54Thank you all.
13:55Thank you for your loyalty.
13:56take care of yourself
13:57And I'll see you very soon.
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