Western European countries claimed the top three spots in this year’s Global Retirement Index (GRI) from Natixis Global Asset Management, with Norway, Switzerland and Iceland taking the top three places.
The index, now in its fifth year, provides a ranking for 43 developed countries based on 18 performance indicators grouped around four categories: finances, healthcare, material well-being and quality of life.
Norway and Switzerland held on to their top positions because of strong scores across all four categories.
Of the 25 countries with the highest total scores, the US saw a sharp decline compared with 2016 falling three places to number 17, largely because of sharp income inequality and the fact that there are too few workers to support its retirees.
Dave Goodsell, executive director of Natixis’ Global Research Centre said: “Retirement security has become a pressing issue across the developed world and traditional retirement funding models and support systems will need to be adapted to address these new realities.”
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