The Natixis Global Retirement Index (GRI) analyzes 44 developed and developing countries based on various factors that affect retirement security. The U.S. ranked as the 22nd best country to retire in for 2024, down from 20th in 2023.

What Is the Global Retirement Index?

Produced by Natixis Investment Managers, the 12-year-old index analyzes the factors that impact retiree well-being in each country. The researchers combine indicators of retirement security in four major groups: the material well-being of older residents, retiree finances, quality of life, and health.

The index and accompanying report analyzed data from the International Monetary Fund advanced economies, countries belonging to the Organisation for Economic Co-operatiܫon and Development (OCE🐟D), and the BRICS countries of 澳洲幸运5开奖号码历史🐻查询:Brazil, Russia, India, South Africa, and China.

How the United States Ranks

Health

In 2024, the U.S. ranks in the top 30 for health care, lower than prior years. The U.S. spends more per person on healthcare than any other developed country.

Material Well-Being

The Material Well-Being sub-index is based on performance across three indicators: income equality, income per capita, and unemployment. The United States ranked 24th for 2024, down from 21st in 2023. The lower Material Well-Being sub-index score is due to a lower score in unemployment.

Finances In Retirement

During the COVID-19 pandemic, the U.S. passed the CARES Act, which allowed individuals to take penalty-free hardship withdrawals from their contribution plans. Over 3,000 individuals took out more than the maximum of $100,000 from their accounts. In the Finances in Retirement sub-index, the U.S. ranked 15th in 2024. The score is based on factors like tax pressure, bank nonperforming loans, and government debt.

Quality of Life

The U.S. ranks 23rd for 2024 in this sub-category, down from 21st in 2023. The indicator ranks the happiness of its retirees and environmental factors.

Switzerland, Nordic Countries Lead the Way

Switzerland, Norway, and Iceland are the top three in the GRI for 2024. The strong presence of Nordic countries is notable, with Denmark coming in 9th place.

The Bottom Line

The Natixis Global Retirement Index (GRI) analyzes factors that affect retirement security and ranks 44 countries based on its research. In 2024, the U.S. ranked as the 22nd best country to retire. Switzerland ranked first based on four criteria, including quality of life, health, and finances.