Elon Musk Calls France Raising Retirement Age From 62 'Difficult But Right'— Says It's Impossible For Workers To Support 'Massive Retirees'

Elon Musk backed France’s 2023 decision to raise the retirement age (from 62 to 64), calling it “difficult but right,” and framed the move as a structural response to demographic pressure. The article links France’s reform to broader risks for pay-as-you-go pension systems, noting similar strains in U.S. Social Security (full retirement age 67; benefits can start at 62) and a CBO projection that the trust fund may be depleted in the early 2030s. For markets, the piece is a policy-focused reminder that aging populations and fiscal pressures can force policy adjustments, increasing the importance of retirement planning and portfolio diversification across assets (fixed income, real assets, precious metals) to hedge potential policy-driven shifts in taxes, government spending and interest-rate dynamics.