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I overheard boomers talking about going on their second cruise this year and then complain about the state pension being too low, I am becoming the joker

Well at least the elderly made sure to allow lots and lots of housing to get built and didn't cynically block it so we'd have to desperately outbid each other and make them richer just to get a home!

As a Spaniard living in the Netherlands, I have to say that the latter would be a really good place for young people if it wasn't for the EXTREME cost of housing that makes any of these pretty charts and statistics go out the window the moment you take a look at the prices and availability. A country can't be good for young people if housing is unafordable.

Taxing the young is incredibly shortsighted as you basically stunt our growth and hence being less able to pay high taxes in the future when we are supposed to be well established. Young not forming families is a symptom of this not allowing the young to get access to what they need in order to progress healthy. The older generation should be allowed to work longer in order to pay for their pension and thereby lessen the burden for the young.

being young in Europe feels like being in an open air retirement home. Old people everywhere and you have to stay broke in order for the boomers to enjoy their pensions...

I'm fascinated how oblivious old people are to this problem. 40 year ago you could buy a house for a 2 yearly salarys, but now you need to work 30+ year to eave afford a house. Wages have increased since 2000 by around 35% while housing prices have more than double and purchasing power stayed the same.

I am indirectly taxed in the Netherlands through rent costs in the Netherlands that basically goes to boomers

Once a portuguese journalist said that southern europe nations could evolve into gerontocracies, where the older generations outvote the younger resulting into increased taxation to preserve pensions and afford the increasing cost of healthcare, forcing young people to work more, resulting in lower fertility, perpetuating the cycle, with ever smaller younger generations.

Well, in the Netherlands we only build big expensive houses for rich boomers. While young people have to pay insane amounts of money for a shitty appartment.

It's not stealing anything, it's just stealing from itself. In Romania I'm paying 48% of my salary, for no infrastructure, expensive prices, nothing that can make me say hey yes here are my taxes, it just goes in someone's pocket, and also the IT domain is very taxed here, it's not worth it. So obviously I'm moving in luxembourg where I get 10x my wage here and pay them taxes since they are so kind to me and pay me 10x what I get here in a month. at 26 years old I would have the same wealth as I would do in Romania at 62 years old. I'm not wasting my life for them. They are litterally rebuilding the same road, since I was in the 5th grade, now I'm 22, and it's still happening

Be young in the Netherlands?? The housing crisis here is incredibly bad. You need over double the modal income to afford the average house. None of my friends can find anything and our lives are stalling or falling apart because of it. I'd be very interested how these numbers pan out if you include the wealth transfer through real estate. I bet the Netherlands would do a lot, lot worse.

Only problem: you have to learn the insane gibberish they call "Danish"

Our generation can't afford a family, raise children or own a house. Result, further drop in birth rate which leads to desperate need for foreign skilled workers. This is cultural suicide. Old people are the cause for this cultural identity shift, while they are also the most vocal about it.

Singapore CPF pension system is Fullproof where government Force you to save money instead of taxing young people

"Japan [...] comes out as the champion of pension moderation" That's one way of saying the old die alone.

Not only are we paying for previous generations’ pensions, we will not get a pension.

If I do everything right as I am told in my life, I will have nothing and be fcked. I owe my country nothing.

Yup Italy is a country for old people, ruled by old people. Plenty of people who can't make a living with their wages (if they're lucky enough to have) and have to rely on their older relatives' pension. One of the reasons for the high debt burden is also that in the 70s and 80s, the socialist government bought votes by creating so-called "baby retirees", who worked for 25/30 years and retired with their full wage as retirement check.

8:12 The Netherlands is not a Scandinavian country. Oh btw, because the pensions over here in the Netherlands are so small, they are more affordable, but also result in more boomers using houses as investment asset. This is one of the reasons why housing prices are very bad for young people who are looking to enter the housing market. In fact, I'm planning on moving away because of this. I mean, what's the point of life if you can't even take ownership of your own life by owning some basic aspects like a roof over your head... Unless you have some fancy high end master degree, there's not really a future prospective to look out for. I've started looking for a country where you can have a meaningful life with an average degree.

As a millennial approaching my 40*s with a child, we studied about the demographics in high school some 20 yrs ago so it's unacceptable to say ylwe didn't see this coming Every political leader has either been kicking the can down the road or fell asleep in the wheel in the last 30 yrs

Here in India, we are paying taxes like that of Finland and getting public services like that in Uganda. 😂

I used to be a young person. and I agree totally that there’s too much burden on the young in many countries (maybe even all), and it’s not even just taxes.

It's bad here in Australia too for young people- with a plan to scrap or heavily reduce the quality of the pension by around 2050 by using mandatory superannuation to effectively replace it (despite many 'younger' pensioners today receiving both super and a pension), the government is screwing over young people by making us pay for a pension scheme we may never receive ourselves; broken social contract.

Be young in the Netherlands?! Again an outsider not knowing the ins and outs here. Good luck finding a place in the Netherlands without rich mommy and daddy. And that’s for the foreseeable 10-15 years.

The Netherlands is great for young people! I'm 22 years old, have a decent job with almost no student debt and it is absolutely impossible to buy a home. Lucky for me I spend so much in taxes that I might have enough money saved in ten years to be able to afford a one bedroom appartment.

Young people, come to Estonia, where the majority of pensioners live in poverty!

Dude you cant say the Netherlands is good for young people when we are going bankrupt for a shitty room, the housing crisis is so bad that at 26 years old i've given up on ever owning any property let alone starting a family. This place is a shithole for youngsters and we are leaving the country in flocks for it

Its going to get worse as the decades go on. When all of us youngsters here are old there will be even less young people to support out pensions. From our youth and into our twilight years we will be screwed no matter what. Our system is failing.

Then they had the ingenius idea of solving it with immigration, which ultimately failed and produced further costs.

What should be noted is that in the Netherlands, people pay more than 2% of GDP on mandatory health insurance, which costs the same for young people as for old people. So there's money transfer through insurance, but it's not government spending so it doesn't show up in these graphs.

The pension systems in Sweden and Denmark are both great for massively keeping public spending and the national debt down which is increasingly becoming a bigger problem with aging populations (both countries have the lowest public debt to GDP ratio in Western Europe and amongst the most stabile economies in the world according to credit scores - in big part due to the pension system) While their pension systems also has the benefits of decreasing pensioner poverty (even if it means more pensioners aren’t super wealthy). Sweden and Denmark alongside Switzerland have the lowest percentage of pensioners living below the poverty line in all of Europe.

Here in Spain our current government is playing a very dangerous game with pensions. Every time they want the indirect support of the main oposition party (through absenting from the vote) for a parlamentary vote, they bundle what they want (apoint x person, give subsudy to z...) with a pension increase daring the oposition to vote against pensioners. So over the last years, they have gained several straightforward increases, that the pensions must at the very least increase each year at the same rate as inflation... . Right now, the government is flaunting the very good employment of 21 million people, but right now, pensioners and other state supported people are ~12 million (this are not state employees). In the long term, with demographics trends, this situation will become harder to maintain.

Boomers bleeding us dry

Do not worry-we are also an oppressed minority in Denmark. Cheers.

With my first year university class we had a discussion about the "unfairness" of how the US economy was since it was so geared to older people. I asked the class of 18yo's how many of them were registered to vote. Four were. I then asked them why, if I were a politician, would care about what they thought or wanted because they don't vote, but my generation (Boomer) did. So I would keep the Boomers happy because they will keep me in office. The university had a program that they would distribute voting registration cards, help the students fill them out, then collect them. I told them that any student who registered, I would give them a 100 on the next test. Less than half filled out the card. Then I told those who had registered that if they voted in the upcoming election, I didn't care for whom, I would give them another 100. Less than 10% of the registered voted. So, bunnies, if you don't vote, the politicians won't listen to you. That simple.

Young people in these countries can save money by not having children.

Not in Romania, there NOBODY has money 🎉

Despite the better demographic situation here in the US, the problem with rising elder care is worse in other ways. Americans are less healthy and have more expensive health care. The effect on younger people is less direct and more difficult to quantify than just tax burden. Younger people are often forced to take time off work to take care of aging or sick relatives, and also have to take on more costly housing to house older people who are not able to financially able to house themselves. This is all in addition to directly paying the cost of healthcare for relatives.

Netherlands isn't the best country at all for young people. Try get a house. There isn't one unless you have 100.000s of euros at your disposal, or you are OK living far away from everything in a small shed. As a native you also can't enjoy 30% income free tax which expats can enjoy up to 5 years. Apart from high taxes and many ways to prevent you from seriously accumulating wealth, the government is more than happy to sponsor refugees with houses, food, money and more while the native-born can just hop couches among friends as theyre pushed back in the queue as the wait for a social house. The NL government also decided to close down subsidies and support for retirement houses. Result? 700.000+ single-home of 70+ years old staying at their big house that cost them a few 100 euro a month, as the alternative is 1500 euro expensive apartment. All the newly invented house market rules have only further driven up the price, while reducing the number of houses built. My advice to any young Dutch person: get out. Go somewhere you can be happy and/or actually appreciated, instead of being used as a cash-cow. It is total insanity how everywhere the future of young people is stolen. If not inflation while stagnant wages, then by pensions.

No welfare, social or any other system in the Netherlands can fix the problems the housing crisis causes. The young are severely outpriced in the housing market. In a way older generations can´t even fathom. Our offer for a house was accepted this week. Our mortgage will be almost 4 times higher than my parent's whilst their house is worth double of ours now. That's almost an 8x difference in monthly costs compared to value. Absolutely ridiculous. We have to live pretty frugal to afford a house and even then we're lucky. Just because we were born 10 years too late. I truly worry about the next generations.

The same is happening in the United States. Boomers are the largest generation in the country at 79 million. They are now retiring in large numbers being eligible for the American pension equivalent called Social Security (SS) and subsidized medical care called Medicare. When SS was created every working person would contribute out of their paycheck or weekly/biweekly/monthly wages. These wage taxes (Social Security plus Medicare) became known as FICA deductions. It would more or less be a pay as you go system, with some expectation of separate private savings. Over the years however the Social Security fund was raided to pay for budgets or other items. And with inflation and smaller generations in between, this meant that for the SS fund to stay current, the U.S. government had to borrow money AND use funds of current *younger working* people paying FICA taxes out of their wages to pay for current retirees. As a result Social Security and Medicare are now the largest government annual budget expenditures along with military spending. Those 3 account for almost 80% of government spending--and raising the national debt for future younger taxpayers. The other problem with this system is that there are no asset or wealth maximums to receive Social Security payments. Only wage caps where someone doesn't have to contribute initially if you are a high earner. So in practice there are low wage part time workers getting FICA taxes taken out of their wages to subsidize the retirement of mostly better off Boomers who also happen to own the most residential real estate, stocks, and other forms of wealth. In states like California, where the median home is worth nearly $1 million, these retirees are essentially upper middle class. Those with more assets are essentially wealthy. And their monthly Social Security pension paycheck is funded by current workers earning between $13,850 and $160,200 annually in 2023. Keep in mind 90% of American workers make less than $80,000--far less than $160,200. And although $14,000 for individuals is considered poverty wages, in higher cost of living states in practicality poverty wages are closer to $40,000 for an individual. Like I said, a low wage part time worker with no assets is getting taxed with FICA out of their paychecks--to fund Social Security, essentially transferring money from Millennials and GenZ to Boomers. Its somewhat akin to a pyramid scheme where the older populations are being funded by the lower wage younger generations. It would be a wonky but still ok system if all generations were about equal in size but they are not. The next generation, GenX has almost 20 million less individuals. It rises again with Millennials at 71 million (Millennials are largely the children of Boomers). But then falls again with GenZ at around 60 million. And people have been living longer. The problem remains for younger generations where the birth rates have been low across the world for varied reasons. This threatens the future solvency of SS and Medicare and there's no guarantees these will be there for today's younger generations currently paying FICA taxes when they retire. One solution to these issues today is to lift the income contributions cap. And another is to put in wealth caps on who can receive SS. With the current system inequality is being worsened and the burden is unevenly distributed. The current solutions being proposed today like raising the retirement age are ineffective bandaids that are not solving the core of the problem.

As an former insurance and retirement simulations programmer from Sweden, unfortunately our currently system may be quite sustainable on paper but unfortunately that's not the whole story. Sweden currently has two pension systems in place, one which is based on promises made to the population born 1979 and earlier and one for people born 1980 and later. The older system is very simplified a system that bases your retirement on your final salary before you leave work, with guarantees from the government. This is referred to in Sweden as a "förmånsbestämd pension" and means that the boomer tax which you describe in the video will still be very high for Sweden, but young people will not be able to enjoy the same generous pensions.

family should be considered the foundational unit of the society, not the individual, and the state should support the family. that's the problem. the current paradigm is centered on the individual

Whatever isn't in EU would be best for young people.

I'm 25, moved to Denmark 4 years ago and have nearly died of boredom. Denmark is a nice place to raise a family, but for young people it's boring as hell itself

Or we could just finally tax the absurd wealth of the global oligarchs and have both low taxes on the young and decent pensions when people are old. How about that?

Danmark i medierne igeeeen!! 🇩🇰🇩🇰🇩🇰🇩🇰

this is what happens when the population shrinks and no one has children.

my grandparents could buy a large house in the 70's for about 2 years salary, now the same house would cost me 13-15 years income. The boomers are sitting on most of the housing market. its insane

Too bad the Netherlands are going through a significant housing crisis and Denmark is trying to protect its national culture and not become a magnet for expats.

You really should have sources for the data on every graph, is easy to do :)

Social security/ pensions should just cover the bare minimum. In the west, people believe that they are entitled to a certain standard of living just because of the country they reside in, which shouldnt be the case. It is completely unreasonable to burden an entire generation with high debt and oppressive taxes to give those who have had an entire lifetime to accumulate wealth a substantial pension.

This is the kind of content I would usually expect to see in nebula. Kudos for bringing this stuff to KZfaq

As a young professional from the Netherlands, I find this video very short-sighted. Many young people, even those with well-paid jobs, live paycheck to paycheck and can barely save. This is due to the high cost of living, including rising rental prices, energy costs, and daily expenses. Additionally, salaries often lag behind these rising costs, and the high tax rates on salaries in the Netherlands exacerbate the issue. To illustrate, consider a young professional with a gross monthly salary of €3500. After taxes, their net take-home pay is €2843. Monthly expenses might include: Rent: €1500 Health insurance: €150 Energy costs: €200 Public transport: €100 Groceries: €350 Internet: €50 Phone subscription: €50 Insurance (household, liability): €30 Gym membership: €30 Clothing and shoes: €50 Entertainment and social activities: €100 Subscriptions (streaming services, magazines): €20 Miscellaneous/Unexpected expenses: €100 These expenses total €2730, leaving a surplus of only €113 per month. This example shows that even with a relatively high salary, it can be challenging for many young professionals to save due to the high cost of living. Keep in mind, this scenario is for someone living alone and only caring for themselves.

saying that Japan is doing well with pension moderation is disingenuous

Without the disenfranchisement of pensioners (and other net takers) in the longer term elections in Europe will be won by parties of pensioners which made problem even worse.

In regards to Denmark, It would be more accurate to say the pension system has partially been decoupled from the state than privatised. Some retirement funds are in whole or in part run not-for-profit, union owned, employer-worker funded, or cooperatively owned by savers. Non-state non-private organisations have the advantage of serving the public and being shielded from political whims or capital extraction from private owners The same goes for a few banks, insurance organisations, mortgage lenders, electricity producers, water systems, supplemental unemployment and health insurance, parental leave, vacation, and non-profit housing.

Funny how people love to blame their misfortune on demographics they're not part of. In this case, acting like boomers had an easy life and rather have young people live in homeless shelters than accept a downgrade from a life of leisure. I'm neither young nor boomer, but I'd rather be young now than grow up in the circumstances my parents' generation has.

Europe is so screwed and over with, the place is a crazy mess

All this doesn't make Dutch taxes low. In most cases, you only pay for your pension in a private fund. You also pay for your compulsory private health insurance. In the end, you pay as much in taxes as you would in any other European country that spends less on its elderly.

I dislike pensions. I think we should take care of our parents directly instead of through a tax system. It would encourage larger families (more future caretakers) and it's a system that worked for thousands of years before governments turned it into a national expenditure. I don't want to pay for the retirement of strangers.

Netherlands ain’t livable for younger people, can’t even get a house anymore as a younger person. The house I grew up in is now 2x the amount it was bought at and apartments are the price of said house. Ain’t worth it Source: my life

interesting to see Slovakia at the bottom part of tax burden graph, even though we pay effective 50% tax rate from total gross salary (and that does not change in any income bracket) only gets slightly higher above 50k/year.

I'm a Spaniard, 19 years old, next september I will begin my second year of university, if there's any advise I can give young people like me is, get either a STEM or a HEAL degree and run away as fast as you can, that's my plan, I just don't see any other options

I dont like how the elderly here are almost framed as the enemy. The enemy is the pension system, which is faulty. The focus on the video should be that... shm

So far, the population growth took care of everything. This is a pyramid system that can't continue though, as we live on a finite planet. The world's population is shrinking, and people are getting older. Moving to a country "for young people" won't solve anything. What we need is new thoughts on living with a changed reality.

Bothers me that you didn't define/clarify what are "young people" according to you. Teenagers? University students? Young adults? Working adults? 18-24? 18-34? 25-34? Even tho you had that graph on your wall the whole video.

I'll gladly move to Denmark and be efficient for the country :3

In Sweden the pension system have what is known as "The Brake". The automatic annual adjustment of pensions is directly tied to the performance of the economy. If the balance between incoming and outgoing money in the state guaranteed part of the pensionssystem goes down for some reason, pensions are lowered until balance is achieved.

This isn't the full picture, for one thing Sweden may be more frugal in paid pension but that's excluding the money saved be the elderly due to universal health care which saves them tons of money (at least if you compare to the US and others with poor health care systems).

Can't we just stop pretending like we care about elderly as a whole? I've worked in a nursing home - the alienation and lack of opportunity there for the elderly is insanity. Pension system needs to be phased out. That will even solve the fertility crisis. Because guess what - the children you raised are supposed to care for you while you help raise their grandchildren. Generational living needs a comeback. All this atomisation is unsustainable. The future belongs to those who show up.

I love that you use actual data. Right on!

You can't really ease the burden on the younger genereations by cutting pensions and healthcare costs though. If you do that - the youth will be kinda forced to support their elderly family members directly. You also can't have boomers work till they are dead as it will negatively affect the chances of the younger gens in the labor market and hinder productivity increases. Some other approach is needed here. Like maybe pushing for more social equality and actually taxing the rich.

The problem is not being old! More immigrants more low wages! The companies must pay more for the society! The problem is the greed from a minority of elites! Even the coronna vírus killed the poor old people and is not the solution!

I’m sorry to say that I didn’t find the presentation easy to follow. You don’t really explain the graphs at all. By the moment I start comprehending them, they’re already gone. And no, I’m not gonna pause it

Very nice video, but I don't think that you can say that pushing pension age is that young people friendly in the end. There are countries like France and Spain where companies could profit enormously from younger, more educated workers, if old people retired and kick started a hiring process in many companies. Having people wait longer for retirement, just clears no space for young people come in and churn in the economy, they are basically just sitting on the benches, not doing much, look at the NEETs in France or Spain. Also in countries where firing is difficult, many companies keep older workers just because of the expense of firing them close to retirement, and they give them busy work, not great for productivity either. Another thing that might be interesting to see is what would the gap of funding be if pay would have kept up with productivity growth more closely. The pension systems were devised up in an era where there was less inequality in compensations and, dare I say, less tax optimization🤔.

They will make you pay for pensions in other European countries. Just like everyone is responsible for everyone's debt through the eurobonds. Best to have a backup plan outside the EU.

Sorry to break it to you, but the Netherlands has other issues creating a stunt in growth of dutch-born citizens. Just to mention one. Housing

Super video! :) Need to see moore od your videos now! :)

great vid man!

Young people need support so that they can have an apartment, start a family and have children. Young people who will not have a flat, family or children will only worsen their future situation. That's why we're already talking about immigration - which should be wise (like in Australia).

Something lowkey nobody thinks about is to make jobs for minors legal, like starting from the age of 14 ish.

1:30 As a parent who lives in the US this hurts because it can cost up to $2000 for just two kids in daycare. We do not get any help when it comes to daycare for children.

I'll watch the video later, but I wanted to say that I've seen like three different thumbnails and titles for this video

Mate... Hugo Bezombes is doing TOO MUCH work. Script Research editing Animation Cmon!! :D

For young, France is worst to live in 😢I came back to France after years abroad, and this country is still stucked in the 60's. All social and economic policies are made for the boomers and the immigrants. Most serious problems : we cannot find or make jobs, and difficulties to find accommodation (all boomers own the property in France, and they ask lot of income evidence while all jobs are moved abroad... and of course, impossible to be "entrepreneur")

Young people don't have kids, because they can't afford shit. If you don't have security of a roof over your head, you would not risk the kid.. that's the real reason !

A lot of your video is pretty good, but I have a couple criticisms: 1. The "young people are an oppressed minority" claim undermines everything else you said. It's not just disingenuous cringe, you'll also quickly age out of it. If you want to see real oppression, go live in an actual socialist state for a while. 2. You make good arguments for increasing the retirement age, though you miss on ability to work; many are forced to retire early because physical/mental inability to work. 3. What's do you consider a good transfer amount? Is it "enough to live in your car" (as in some places in the US) or "who cares what they contributed, let the old die in the street?" 4. Time marches forward. Blink, and you'll be one of the elderly "oppressors." What are you doing so you don't become the same burden when you're old and infirm? 5. I see the argument "young adults don't have kids because they can't afford them" all the time, but I don't buy it. While there ARE a lot of people struggling because of lack of money, there are also a lot of people struggling because they don't recognize what a luxury is. Liquid body soap? Luxury. A/C? Luxury. New car? Luxury. Living on your own (no roommates)? Luxury. I think the problem is threefold. First, everyone compares themselves, at their current stage of life (young/middle age adult) to what Boomers managed to accumulate by the late stage of their life through the most economically affluent period of human history. We're not living in those times, and we haven't had the same number of decades to accumulate wealth. No one is comparing themselves to earlier generations, who lived with their families in one bedroom huts with an outhouse, who grew a garden in the vacant lot next door so they could feed their family through the Great Depression or the Great War (WWI), or who moved their families away from (actual) oppression and persecution to some far-distant land and different culture so they could have a future. Second, we're all entitled to these luxuries because most of us can't remember not having them. We buy a breakfast sandwich instead of eating oatmeal at home, buy a pre-cooked chicken from the store on our way home instead of boiling beans from a bag at home, have 5+ subscriptions for phone, internet, streaming, gaming, pick-your-thing(s) instead of sunset walks and board games. We spend money in all kinds of ways we think is "normal" that previous generations throughout 10,000 years of human civilization didn't even have available. Finally, as mentioned before, people are struggling to different amounts for different reasons. This comparison only to boomers and unrecognized entitlement happens in an uneven economic situation. Some people ARE eating beans from bags, using bar soap bought in bulk, and have no summer A/C or winter heat. Others literally cry about how hard life is on 200k annual income on an iPhone TikTok shot from inside their pristine new $60k car/truck. The disparity between people actually struggling, and people who think they are struggling is distributed in a way never possible in earlier generations before social media, confusing the overly-simplified "narratives" around it. Where's the nuance? Your analysis is a good start. I recommend staying away from resentment, it's a poison to your life, happiness, sanity, and credibility.

You characterize this as a transfer from the young to the old, but seniors paid taxes for this throughout their lives. Is the outcome unequal to income? Sure, but that is government mismanagement of the money. Any reasonable calculation shows that the private sector could have done better with that money. What governments got out of the system, which nobody talks about, is a guarantee that the old won't end up on the welfare rolls, and the street. I am a standard American retiree. I reached full retirement age, filed for social security, and kept on working. The SS money is not enough to live on unless I sell all of my assets. In the meantime, I work, I am perfectly able to, and I both pay into the system as well as get money from it.

These are great videos!

Ridiculous that young people pay so much. Big companies should contribute much more.,but their lobbying power is immense.

It is not only about the money!!! How civilised a society is, is measured by how it is treating their most vulnourable citizens. This is a extremely mental rant that is polarising.

I’m French and I had never seen it that way.. I think elderly people deserve to have pensions because I believe in a social system and that they are a very vulnerable demographic. It’s interesting though that it weighs on younger generations, I’m 19 and I’m studying, I’ve never felt that much anxiety before but I still don’t think it’s that simple.

The partially and poorly labeled graph you show from 1:44 to 2:00 is really excellent for innumerates who want vague words to wash over them without understanding what they're looking at.

Finally somebody has the balls to say this

Germany in the top 20 pensiom systems? is this a joke?

Thanks for the video, i've been looking into moving to either the Netherlands or Denmark. I live in Greece and it's 100% clear that there is no future here at all for young people, most of us have university degrees yet work in service jobs so we can give almost all of our salary away to the government.

Interestingly enough, it's also these older generations that are responsible for the shift to the far right. I presume that there is also a statistically significant impact of dementia and loss of mental capabilities in the shift towards parties that make simplistic promises.

Rich pensioners in France ? Check your data, 50% of pensioners in France earn less than the minimum salary, but the other half make the numbers lie. the problem is some few people who don't even need it receive huge pensions while the half of pensioners can barely pay their bills.