Comment by scratcheee

Not going to support the “stupid” claim, I suspect the French public do have alternative solutions to their predicament in mind, some better than others no doubt, but ill take a stab at the answer: Context: The French government is underfunded, their debt burden is not healthy and if nothing changes they’re headed towards Greek-style economic problems (ie cost of debt gets too high, nobody trusts them enough to lend them the money they need, default could mean nobody will lend them money in future, so high risk, but avoiding default could mean enforced austerity as conditions of bailouts, which would be far more painful than just a retirement age change). Answer: Increasing the retirement age increases the working population (ie taxable population) and decreases the pension burden, so it’s one of the most effective levers to ease the costs to the government. The downside of course is it’s reneging on a contract with their own population, people working their whole lives with the promise of retirement are understandably not impressed when the goalposts are moved.