The French are they angry with the economy? This is what claims a recent study by the Cercle Jean-Baptiste Say, conducted by OpinionWay*, in which we learn that 91% of the French (86% in 2018) believe that the policies should help to better understand the economic issues of France and their consequences. In detail, this opinion is shared evenly between all age classes and socio-professional categories. 15-17 years are still more applicants and verging on unanimity on the subject (98%). “In the barometer of the last year we have seen that the French wanted to be interested in economic issues but they did not have the necessary expertise in the matter, and this is confirmed this year”, note the Circle by the voice of its founder and chairman is François de Saint Pierre.
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A question equivalent raised vis-à-vis the media leads to the same trends. 86% of the French want more simplicity and accessibility in the treatment of economic issues. This figure is the same as in 2018, and once again, the 15-17 years old are more applicants (96%), while 18-24 year olds are the opposite of this ranking, with a turnover still very high (79%). The circle thus insists on the fact that the French “expect more of the three axes of economic and financial education, the national Education, the word public and the word media.”
The culture rather than the pension to reduce the debt
In this study, which celebrates its second edition, the second lesson focuses on the knowledge of the major economic mechanisms. In particular, on the subject of reduction of public debt (99% of GDP according to Insee). Starting from the principle that a reduction of this debt could increase by the reduction of public expenditure, the study poses the following question: in what positions should they reduce spending? To this, the French agree to believe (51%) that priority should be given to reduce the expenditure in culture, which only represent 0.4% of the GDP. Not sure that this helps to settle the problem of the deficit and the debt, judge the Circle of Jean-Baptiste Say.
then Come the cuts in the national Defense (36% of the French), the environment (28%) or Education (22%). They are in contrast to 13% – the lowest figure – to feel that there is a need to reduce the expenditure in pensions. Spending in this sector weigh close to 14% of expenditure in the GDP. “The French are not aware of the mass ratio, he explains it in the study. This is a testament of a lack of knowledge.” Thus, an explanation evoked by the Circle would be the difference between the modes of retirement in the country. “In a country where the pension is funded, it is more necessary to understand the economic drivers that in a country where the pension is done through distribution.”” frameborder=”0″ scrolling=”no” style=”border:0;”>
On this same topic of pensions, the issue of the starting age has also been raised as to the sample. Since the sea serpent surfaced again in the government there has a bit more of a less, the age of retirement, which is 62-year-old, teetering every day. In the study, so you learn that a majority of French (57% ; this question was filtered on assets) wishes to retire at 62 years of age, “the level of pension that will be yours”. They are only 18% wanting to leave before and so with a pension less important, and 24% want to continue after 62 years of age to improve their retirement.
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In detail, the most educated are more in favour of a delayed departure. “The question for France is not to work more but be more likely to work, note the authors of the study. To do this the postponement of the retirement age to 65 years and the increase in the activity rate 15-34 years are the two levers that successful countries have used.”
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Knowledge hazardous of the major european data –
Finally, the study rises to the european level. It shows that only 15% of the French are at the right level, the activity rate in Europe, which is 73.6% according to the OECD. In effect, the sample is rather this rate at around 68%. The French are more aware on the issue of the legal duration of work, which they considered superior to the european level in France to 79%. To reason, it is 35.6 hours in France compared to 40.3 hours in Europe, according to Eurostat.
*Study conducted on 20 and 21 march on a sample of 1055 people representative of the French population aged 15 years and over. The sample was formed according to the method of quotas, in terms of the criteria of gender, age, socio-occupational category, category of agglomeration and area of residence.
