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Are we better off today than after the first oil crisis?

The French are sure of it. Life was better in the mid-1970s, at the end of the Glorious Thirties, and even just after the first oil shock. This feeling is the majority, all studies confirm it. It must be said that for the generation of 1973, which has always heard for fifty years.we are in crisis“, refrain”it was better beforewanted.

This feeling is not new. fifteen years ago, a few months before Nicolas Sarkozy was elected in 2007, the French considered life more difficult than in 1973 in terms of housing, career prospects, purchasing power and employment, according to a CSA survey. Expansion . Over the past two years, the Covid pandemic and then the war in Ukraine, which precipitated the historic energy crisis, ended up forcing the recession as an indisputable truth. Fortunately, the reality is more complicated. And the statistics seem to show the opposite.

In 1974, only 45% of French people owned a home, compared to 68% today.

Of course there are some…

Source: Le Figaro

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