Re:U.S. GDP grew at a 4.9% annual pace in the third quarter,...
by yodsanklai on Thursday October 26, 2023 @11:17AM
(#38026722)
There may be some part of subjectivity and pessimism involved, but here are a few things in France (and I think it applies to most European countries):
- heatlhcare isn't what it used to be. Sure, it's free but it can take months to see some doctors, or even a dentist.
- retirement: the pension system isn't good. Most people will get less than 1.5K a month, and not before 64. The effects of the various pension reforms aren't visible yet but they will increase old people poverty.
- safety: this is political and people hold strong opinions on this, but my feeling is that poverty is on the rise, there are more and more unemployed young refugees...
More speculatively, I think Europe lacks natural resources and this is going to bite us more than the US.
- heatlhcare isn't what it used to be. Sure, it's free but it can take months to see some doctors, or even a dentist.
- retirement: the pension system isn't good. Most people will get less than 1.5K a month, and not before 64. The effects of the various pension reforms aren't visible yet but they will increase old people poverty.
- safety: this is political and people hold strong opinions on this, but my feeling is that poverty is on the rise, there are more and more unemployed young refugees...
More speculatively, I think Europe lacks natural resources and this is going to bite us more than the US.