A new study that measures retirement security among workers and retirees from around the world finds that confidence in the US system is slipping and ranks low compared to other peer nations.
The annual Natixis Investment Managers' Global Retirement Index (GRI) surveys workers and retirees from 44 countries and has some good news: respondents report improved economic conditions, mainly the result of employment growth, wage gains, and interest rates. Officials at Natixis noted that for the first time in 10 years, nearly all developed countries in the report, including the U.S., received total higher scores in retirement security over the prior year.
However, some measurements of retirement security are falling, primarily due to concerns about inflation, public debt, and a decline in health scores. The study found that the United States fell to 20th place from 18th in retirement security among the countries in the Index.
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