The French are liv­ing longer... and they have more cash to splash

French Property News - - News -

Liv­ing stan­dards are on the rise in France and life ex­pectancy has in­creased slightly for men while it has re­mained sta­ble for women. These are among the find­ings re­ported by France’s na­tional sta­tis­tics agency INSEE in its 2018 So­cial Por­trait. It found that me­dian dis­pos­able in­come – the amount of spare cash a fam­ily had – was €20,520 in 2016, an in­crease of 0.9% on the pre­vi­ous year. The 10% most mod­est house­holds had about €11,040 in spare cash while the wealth­i­est 10% of house­holds had a dis­pos­able in­come of about €37,570.

The INSEE study also re­vealed that life ex­pectancy has risen by 0.2% for men and re­mained sta­ble for women. Just over 13 mil­lion peo­ple (one in five mem­bers of the pop­u­la­tion) are aged 65 or older, a fig­ure that has in­creased over the years in line with the rest of Europe.

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