U.S. Ranks 17th in Retirement Security
In a recent study, the U.S. is in the middle of the pack when it comes to retirement security. Of the 43 countries that were assessed, the U.S. ranked 17th in term of health, finances, material well-being and quality of life for its retired citizens.The survey is done by Natixis Global Asset Management and has been done since 2013. According to the 2017 report, the U.S. ranking is due to “lagging life expectancy and a growing gap in economic opportunity.”
The top ten countries are: Norway, Switzerland, Iceland, Sweden, New Zealand, Australia, Germany, Denmark, the Netherlands and Luxembourg. Canada is #11. The five lowest ranking countries in 2017 were Turkey, Russia, Brazil, Greece and India.
In a massive understatement, the Natixis report stated “…providing a secure environment for retirees is complicated and there are many underlying factors.”