“There is an urgent need to compensate for inflation.” This UNSA Retired alert was launched last April, in the face of the sharp decline in the purchasing power of retirees. “Over the past year, retirees have suffered a 3.5% decline in purchasing power. For a retiree receiving a net pension of €1,400 (average level of pension), the loss of power of purchase in constant euros reaches 50 € per month”, detailed the union.
And to warn: “This decline comes after several years of loss of purchasing power, resulting from measures to freeze pensions, under-revaluation compared to the price index and increase in social security contributions.”
This is why the UNSA has requested a minimum 3.5% increase in pensions on July 1. As Elisabeth Borne announced in an interview on France Bleu, it will ultimately be 4%. However, inflation is expected to increase further in the coming months. Some retirees could then be tempted to move to a country where the cost of living is lower. It remains to know which one to choose.
Before making your decision, your project must be carefully considered. The recent Figaro study could help you set it up, while avoiding the pitfalls. Dozens of data on nine themes deemed essential were scrutinized in 25 countries:
If you want to save money, refer to the ranking of our slide below which lists the 10 countries with the lowest cost of living.
Before leaving for good, plan a few trips to familiarize yourself with the language and culture, and choose your new place to live.
