Retiree purchasing power: ever-increasing concern

According to the third study by Silver Alliance (a collective of companies dedicated to healthy aging), two-thirds of those over 65 believe that their purchasing power has decreased since retirement.

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Retirees feel increasingly vulnerable in their daily lives. (BRUNO LEVESQUE / MAXPPP)

The study was conducted by the CSA Institute for Silver Alliance From February 14th to 24th, 610 retirees aged 65 and over, living alone or with a partner, across France, were surveyed. Respondents estimated that they were on average €531 short of a happy retirement. Specifically, €438 for a single person and €597 for a couple.

The most vulnerable populations are women, single people and those known as the lower socio-professional categories (workers and employees).

"If you are a single woman, lower socio-professional category and not a homeowner, you are in a very fragile situation."

Xavier Terryn, Director of the Research Division - CSA
to franceinfo

Retirees represent just over 25% of the French population. Their main expenses include food, taxes, housing costs, and healthcare. Even though they are concerned about their purchasing power, 6 out of 10 retirees still manage to save each month (an average of €231, according to the Silver Alliance study).

While the majority of retirees are still able to save, treat themselves and even help their children and grandchildren, the situation is likely to become more complicated in light of the falling birth rate.