How the U.S. Ranks on the World Retirement Index

The Natixis World Retirement Index (GRI) analyzes 44 developed and growing international locations primarily based on varied elements that have an effect on retirement safety. The U.S. ranked because the 18th finest nation to retire in for 2022, down from seventeenth in 2021. Following the COVID-19 pandemic, inflation rose in 2022, with retirees going through rising costs for oil, meals, and family requirements.

What Is the World Retirement Index?

Produced by Natixis Funding Managers, the ten-year-old index analyzes the elements that influence retiree well-being in every nation. The researchers mix indicators of retirement safety in 4 main teams: the fabric well-being of older residents, retiree funds, high quality of life, and well being. 

The index and accompanying report analyzed information from the Worldwide Financial Fund superior economies, international locations belonging to the Organisation for Financial Co-operation and Growth (OECD), and the BRICS international locations of Brazil, Russia, India, South Africa, and China. 

How america Ranks

Well being

In prior years, america has ranked within the high 10 for well being, however in 2021 the U.S. dropped to No. 17 and remained there for 2022. The U.S. spends extra per particular person on healthcare than every other developed nation and is ranked fourth for insured well being expenditure.

Materials Wellbeing

The Materials Wellbeing sub-index relies on efficiency throughout three indicators: revenue equality, revenue per capita, and unemployment. America ranked thirtieth for 2022. The decrease Materials Wellbeing sub-index rating is because of decrease scores in unemployment and revenue equality indicators. The U.S. holds the sixth-highest rating for revenue per capita amongst all GRI international locations however has the seventh-lowest rating for the revenue equality indicator.

Funds In Retirement

In the course of the COVID-19 pandemic, the U.S. handed the CARES Act, which allowed people to take penalty-free hardship withdrawals from their contribution plans. Over 3,000 people took out greater than the utmost of $100,000 from their accounts. Within the Funds in Retirement sub-index, the U.S. ranked eleventh in 2022. The rating relies on elements like tax stress, financial institution nonperforming loans, and authorities debt.

High quality of Life

The U.S. ranks twenty first for 2022 on this sub-category, holding the identical spot as 2021. The indicator ranks the happiness of its retirees and environmental elements.

Switzerland, Nordic International locations Lead the Method

Norway, Switzerland, and Iceland are the highest three within the GRI for 2022. The sturdy presence of Nordic international locations is notable, with Denmark coming in ninth place, Finland in twelfth, and Sweden in thirteenth place. Norway additionally holds the best rating amongst all international locations for the Well being sub-index.

The Backside Line

The Natixis World Retirement Index (GRI) analyzes elements that have an effect on retirement safety and ranks 44 international locations primarily based on its analysis. In 2022, the U.S. ranked because the 18th finest nation to retire. Norway ranked first primarily based on 4 standards, together with high quality of life, well being, and funds.