How Aussies compare to retirees from other countries
A recent report has investigated the general living conditions of Australian retirees and how they compare to their counterparts from around the world.
The fourth annual Natixis Global Retirement Index, commissioned by Natixis Global Asset Management, has provided a ranking of how 43 of the world’s most developed countries treat their retired citizens, taking into account various factors including health, quality of life, material wellbeing and finances in retirement.
From these factors the Natixis Global Retirement Index developed a score known as the Global Retirement Index (GRI) to see which country best looked after its retirees.
Australia ranked relatively well this year with a GRI of 77 per cent or better. Australia came in sixth position (the same as last year) which is considered a respectable position.
The leading factors that led to Australia’s strong performance including high ranking in happiness and air quality governance, while comparatively strong performances in governance, interest rates and finances also driving the rankings up. And while Australia’s ranking is actually the same as last year, the overall GRI score improved from last year.
Australia wasn’t the only strong performer, and a number of other countries around the world achieving scores of 77 per cent or better including Norway, Switzerland, Iceland, New Zealand, Sweden, Germany, the Netherlands, Austria, and Canada.
It wasn’t all good though. A number of countries features GRIs below 57 per cent, with the lowest scores including Greece, Brazil, Russia, Turkey, China, Spain, Cyprus, Mexico, Portugal and India. India was bottom of the barrel, with a GRI of just 12 per cent.
What do you make of these findings from Natixis Global Retirement Index? Do you feel the results are accurate? Is Australia a great place to retire, or do we still have some work to do? Share your thoughts in the comments, we’d love to hear your thoughts!
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