> Macron’s Renaissance party argues reform of the pension system is necessary to sustain it long into the future. It has a projected annual deficit of 10 billion euros ($10.73 billion) each year between 2022 and 2032, according to France’s Pensions Advisory Council.
* Currently there is only 1.7 active contributors per retiree!
* There are 5% more retirees each year these days (700,000 new retirees each year). Double the newborn number each year.
* 331 billion euros of pension system expenditure in 2019. 3 times the number paid in the 1980'. More than what the French state gets from taxes.
https://travail-emploi.gouv.fr/retraite/le-systeme-de-retrai...
[0]: https://www.budget.gouv.fr/files/uploads/extract/2022/progra...
So you see, when a french person pay for their pension, it's taxes. When a person from another country pay for their pension to private companies, it's GDP. In the latter case, you have the additional freedom of not paying anything (especially if you don't make enough) and then hope that you die before retirement. I would not call this freedom though.
Try to think outside of the conventional wisdom which is completely skewed
When the government pay their pension to a pensioner it is not included in the GDP [0].
[0] https://www.investopedia.com/ask/answers/082415/are-social-s...
Under the income approach, social security tax payments are included in income: https://staffwww.fullcoll.edu/fchan/macro/2gdp_computation.h...
You’re incorrect to say that an economy without social security artificially seems like it has a higher GDP than one with social security. It is counted as income to the employee, and anything purchased with it is counted as consumption.