Pensioners face completely different living conditions depending on the country. Because not only work, culture and traditions are factors that differ from country to country. The way governments care for older citizens also varies widely.
In order to be able to compare how old-age provision is developing in different countries, the asset management company Natixis Investment Managers and the market research and consulting company CoreData Research have created four sub-indices to measure support in retirement. The results were published in the annual Global Retirement Index (GRI).
- Material prosperity: Income equality, per capita income, employment
- health: Life expectancy, health expenditure per capita, uninsured health expenditure
- Life quality: Satisfaction, air quality, water and sanitation facilities, biodiversity and living space, ecological factors
- Finances in retirement: Old-age ratio, non-performing loans, inflation, interest rates, tax pressures, form of government, general government debt
The 44 countries included in the index are the advanced economies of the International Monetary Fund (IMF), members of the Organization for Economic Cooperation and Development (OECD) and BRIC countries (Brazil, Russia, India and China).
The report states that “countries that have a strong overall ranking tend to do well in the financial sub-index”. These include countries such as New Zealand, Switzerland, Australia, Canada, Iceland and Ireland.
18 countries where retirees get the most money, the best healthcare and the highest quality of life
This article appeared on NewsABC.net back in November 2019. It has now been reviewed and updated.