Among the 150 countries analyzed, the U.S. placed 19th, clinging to its spot among the top 20 countries, behind Nordic and western European countries and ahead of only
The ranking shows the impact of government debt, health care costs, inflation and income inequality on future retirement funding resources, a reality that
“The responsibility for financial security in retirement is falling even more heavily on individuals than ever before and this trend is likely to continue as government resources become more scarce,” said
The 2014 Global Retirement Index is based on an analysis by
The U.S. scored higher year over year in all four broad categories, yet was surpassed by other nations trending higher in areas such as healthcare and government debt. For overall retirement security, the U.S. remains behind the majority of countries in
“There is no one-size-fits-all solution to this serious, growing retirement planning challenge,” said Hailer. “The optimal pension system for any country depends on a variety of economic, social, cultural and political factors. However, the policies and practices adopted in some regions that rate highly could hold valuable lessons for other nations, such as the U.S., which need to shore up its retirement system.”
Many of the top countries in this year’s Retirement Index have demonstrated a commitment to innovation and have emphasized simplicity in their retirement scheme’s overall design and structure. Many also have proactive governments that have shown a willingness to come together and take bold policy stances in their ongoing efforts to stabilize retirement security for their citizens.
Retirees in European countries enjoyed the greatest financial security in retirement, with eight of the top 10 places among the 150 nations. Countries heading the global list include top-ranked
Natixis Global Retirement Index – Top 20 Nations for 2014
For a more detailed overview of the Natixis Global Retirement Index, including the rankings of all 150 nations evaluated, go to www.durableportfolios.com.
|Copyright:||(c) 2014 Accounting Today. All rights Reserved.|
|Source:||Source Media, Inc.|