That's according to the recent HSBC survey of expats in 26 countries around the world. Expats in France are bottom of the league table :
Country Report: France
Overall ranking: 26th out of 26
Increased savings: 26th out of 26
Luxuries: 25th out of 26
Income: 25th out of 26
Disposable Income: 22nd out of 26
Poor financial location and home to more retirees
According to the survey, France was the worst-rated location for an expats’ finances. Over half of the respondents in France revealed that their income was less than US$100,000. One-third of respondents (31%) also revealed that they had less disposable income when compared with their home country, with over three-quarters (77%) answering that they had less than US$2,000 disposable income per month.
France was also revealed to have fewer expats saving, with only just over a third (39%) saying that they invested more than their country of origin, the lowest recorded figure in the survey.
France remains a popular retirement destination; more than a quarter (28%) of expats in France are retirees, compared with the global average of 7%. Over 55s make up 42% of the expats in this country.
The economic crisis has resulted in over half (55%) of expats in France cutting back on day-to-day costs, in addition to luxuries. Over three-quarters of expats based in France (86%), however, said that they had not considered returning home as a result of the economic crisis.
“There are no jobs here if you work on a freelance basis. The exchange rate fall between Sterling and the Euro has been catastrophic for us, reducing an already modest income to an unacceptable level.” - Expat in France