00:00Sarah Knafo revealed the secret to becoming a millionaire in retirement, listen to this.
00:03This pay-as-you-go system is a scam.
00:05That's because an employee earning 2000 euros net per month had to pay throughout his
00:08life 876 euros per month for his retirement.
00:11If this money had been invested at a prudent rate, it would have been worth 1.5 million euros.
00:15In other words, if he had been able to capitalize, this employee earning 2000 euros would be a millionaire today.
00:19This is what millionaires look like, according to Sarah.
00:21We are in the United States, one of the countries that comes closest to its funded pension system.
00:25And this is Dylan, an army veteran.
00:27His pension is so meager that, in order to survive, he is forced to work at 90 years old, pushing...
00:32trolleys.
00:33But despite that, it hurts me to admit it, but Sarah is right.
00:36Because if you invest a portion of your salary in the stock market each month to finance your retirement,
00:40Yes, at 65 you might be able to become a millionaire.
00:42Unless one day you become seriously ill, like Debra.
00:45An American financier who had nevertheless been very successful in her life.
00:48You can no longer work and the money you were saving for your retirement is going towards your survival.
00:51That's how she ended up on the street at the age of 66.
00:55But Knafo might tell me that Debra is a special case.
00:58And in fact, she would be right.
00:59Because we can each choose the example that suits us.
01:01That's why we need to look at the numbers.
01:03By 2025, 6 million Americans over the age of 65 were living below the poverty line.
01:08poverty.
01:08Compared to France, the poverty rate for those over 65 is almost four times higher.
01:13pupil.
01:13Even though it's the richest country in the world.
01:14Capitalized retirement savings are a disaster for low-wage earners and for workers who have career breaks.
01:19career.
01:20It is a violent and unjust system that abandons a portion of our fellow citizens to their fate.
01:23Meanwhile, our French pension system helps to protect millions of people from poverty.
01:28If for Knafo it's a scam, for me it's a source of pride.
