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The annual study ranks 44 countries according to the well-being and financial security of retirees. retiring in Iceland, Switzerland and Norway is the best in the world. The top ten rankings are as follows:
- Iceland
- Sweden
- Norway
- Ireland
- Netherlands
- New Zealand
- Australia
- Canada
- Denmark
- Germany
Based on the results, it can still be said that the Netherlands and Germany have made big leaps in the standings. In terms of each sub-category, Norway ranks first in terms of health and material well-being of pensioners, Singapore is first in terms of financial well-being, while Finland is first in terms of quality of life.
Hungary was not in the top 25 countries in the ranking, we finished 33rd out of 44 countries.
Among the components of the pension index In terms of health wellness, Japan and Australia are also in the top 10 among many Northern European countries.:
In terms of material well-being, the Czech Republic ranks third in the world, but Austria and Slovenia are also among the top 10 countries.
In terms of financial well-being of retirees, Hungary ranks 14th (However, in terms of financial well-being, health and quality of life, we do not excel).
Singapore, New Zealand and Australia lead in financial prosperity, but European countries are also among the best:
Finland is clearly the leader in terms of quality of life, but Norway and Denmark are also on the podium:
Unemployment can skyrocket, but a zero return environment is the most painful
The Natixis study highlights that The unemployment rate could rise much more in the fourth quarter of the year due to the coronavirus. In part, this is also the reason why the countries studied 15 steps taken this year to allow earlier access to pension savings. These include Iceland, Australia, Canada, Denmark, the United States, the United Kingdom, Finland, Slovakia, or France.
However, one of the biggest threats to the well-being of retirees is the low and often negative performance environment, as pension savings provide almost no money. This is evidenced by In 16 of the 44 countries examined, the average 5-year real interest rate turned negative. In the 2016 edition, real interest rates were negative in only one country, the United Kingdom.
Hungary is also among the current 16 countries.
Cover image: Getty Images
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