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You sometimes hear, “Oh, to be young,” and there is merit to that sentiment depending on where you live out your retirement years. Retirement security is not an issue weighing on individuals alone. It is among the top social issues globally because of a simple fact: the world’s population is getting older. According to the World Bank, the share of people aged 65 and older will double by 2050 to reach 1.5 billion. Societies must grapple with how to ensure people have the resources and services to support themselves through retirement.

The Natixis Global Retirement Index (GRI) evaluates 18 performance indicators to provide an in-depth look at four aspects of standard of living in retirement, namely: the material well-being or comfort of living, access to quality health services, access to quality financial services, and a clean and safe living environment. This index is calculated based on data for 43 countries: IMF advanced economies, members of the OECD, and the BRIC countries.

  • According to Natixis’ Index, the top 3 countries by retirement security attractiveness of 2017 are Norway, Switzerland, and Iceland, unchanged from the previous year. Norway maintained the top spot because of its high performance in all sub-indices. Norway’s lowest sub-index score was in finance with a score of 73% on a scale from 0-100%, where 100% represents the most favorable environment to retirement security.
  • Germany, Denmark, and Sweden have high index scores despite relatively lower positions in finance because of strong performance in material wellbeing and quality of life dimensions.
  • The BRIC countries scored poorly on the GRI. BRIC countries were the lowest scoring among ranked countries on governance, one of the most important indicators in the finance sub-index calculation.

संबंधित डेटा इनसाइट्स

Quality of Life Index

This index shows the level of happiness and fulfillment in a society as well as the effect of natural environment factors on the Quality of Life of individuals. It is constructed as the geometric mean of the happiness index and the natural environment index.   Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being 

How Well Ageing Population is Faring

In order for the older people's voice to be among those making contribution to defining post-2015 sustainable development strategic goals Global AgeWatch Index has been created by HelpAge International. This index assesses 96 countries worldwide on how good they handle their ageing populations to provide them with decent, active and healthy lives and enables policymakers to make necessary steps to improve wellbeing of older people. This issue is of high importance because, first of all, people do not stop developing when they reach the age of sixty and, correspondingly, older people have the right to live in the environment fostering this...

The Material Wellbeing in Retirement Index

 Material Wellbeing index is calculated based on income per capita, unemployment rate, and income equality. Last year, Qatar took 1st place by GDP per capita. Norway was the only 9th, but it has one of the highest Material Wellbeing index scores.   Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being 

The Health in Retirement Index

These indicators are important determinants of physical wellness and therefore retiree welfare. The Health index is calculated as the geometric mean of three indicators: life expectancy, health expenditure per capita, non-insured health expenditure. For last 5 years, China is keeping leading position by life expectancy.     Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being