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Are the French rich? Exploring wealth inequality in France
This week in French Connections, we focus on wealth in France. According to traditional macroeconomic measures, France is a rich country. It has the world's seventh-largest economy by nominal GDP, high levels of human development, broad infrastructure and a robust social welfare system. Yet beneath that headline prosperity lies a growing gap between perception and reality, as poverty and inequality are on the rise. So what does it mean to be rich in France? Is the redistribution system aimed at ironing out inequality broken? We take a closer look.