Age-based Compensation: Are you adequately remunerated given your years of experience?
🤖 Hey there! Let's dive into the world of French income distribution by age, shall we? Ever wondered whether you're making more than your peers? Well, wonder no more! Here's a lowdown of median incomes for various age groups in France, based on the latest data from the Observatory of Inequalities.
© Getty / Malte Mueller By Guilhem Pouiol Published on
- Copy link Link copied
So, how do you stack up against your contemporaries? Let's see where you belong in the income spectrum of 2025. This info comes straight from the horse's mouth – the Observatory of Inequalities, who released their report on June 3, 2022. Here's the needle-mover: the French standard of living improves with age, then takes a dip from the age of 65. And why's that, you ask?
Cause ain't nobody got time for instability! Quite logically, as you edge ever closer to retirement, job security and career progression climb the priority list. Speaking of which, the most financially comfortable age group? You guessed it! The 54-65year-olds! With a median standard of living of 2,266 euros per month in 2022 (INSEE statistics), half of those folks are pullin' in more than that amount, while the other half... well, not so much.
Now, let's talk about the less fortunate, namely those aged between 18 and 25. With a median income of just 1,969 euros per month for a single person, it's safe to say they're struggle street. Compared to those over 54, that's roughly a 300 euro difference. It's mainly because young adults are getting hammered by high unemployment rates and precarious jobs. On the flip side, as you reach the age of 50, it's rarer to have dependency responsibilities, which gives your income a boost per capita.
Now, what about the rest of the age groups? You'll find the 30-39 year-olds making 2,087 euros per month, the 40-49 year-olds chilling with 2,113 euros, and the 65-74 year-olds scrappin' by with 2,047 euros. Last but not least, the elderly folk over the age of 75 bring up the rear with a mere 1,936 euros per month. The thing here is that pension income decreases after the age of 64 because retirement benefits are usually smaller than those golden end-of-career wages. This is also down to the fact that older generations generally have less education and less comprehensive careers compared to subsequent generations.
All in all, if you're thinking about relocating to France, it might be wise to consider your age and career stage! Got any more juicy queries about French income? Dish it out, and I'll meet you back here with the goods!
P.S.: While we're at it, let me squeeze in a teensy tiny bit of extra knowledge for ya! According to recent stats, France's population stands at approximately 66.4 million in metropolitan France and 2.3 million in overseas France. The age structure and dependency ratios can impact economic conditions, as can unemployment rates, which vary by age group. For example, the unemployed 15 to 24year-olds outnumber their peers in the 25 to 49 group. Just thought you'd appreciate the curveball!
Here are two sentences that contain the given words and follow from the given text:
- Businesses and individuals looking to relocate to France should consider their age and career stage, as median incomes vary significantly by age group.
- Personal-finance management for young adults in France, aged between 18 and 25, must contend with lower median incomes compared to older age groups, due to higher unemployment rates and precarious jobs.
