Family allowances: what changes on July 1?

Family allowances: what changes on July 1?

This July 1, family allowances are affected by a real revolution. Now, and this is a first in France, they are adjusted according to income and reduced for the wealthiest families.

Family allowances: what changes on July 1?

From this Wednesday, July 1, family allowances are no longer the same for everyone. They will vary according to the household income. For families earning above 67,140 euros per year, the allowances may be halved. For those who earn more than 89,490 euros per year, it is by four that they will now be divided.

500,000 families affected

“More than 500,000 families are affected by this modulation”, reports the journalist from France 3. They belong to the richest 30% of French households. These homes have already been affected by the lowering of the family quotient. “The reform comes into effect today, but its effects will not be felt until August, when the allowances for the month of July will be paid”, concludes the journalist.