The United States is far from the best country worldwide when it comes to
The country boasting the best retirement system, as noted by the index, is Norway, followed by Switzerland, Luxembourg, Sweden and Austria. Western European nations, backed by strong health care and retiree social programs, dominated the top of the list, snagging the first 10 slots. The Natixis Global Retirement Index evaluates 150 countries on factors including health care, finances, material comfort and quality of life.
While the United States is the world’s biggest pension market, it lags behind less affluent countries on measures of
“The trend is that people are going to need to take more personal responsibility for their retirement,” says Tracey Flaherty, senior vice president for Natixis Global Asset Management, which commissioned the study. “The
She continues: “We [in the U.S.] rank lower because of, not just finances in retirement, but because of health care as well.