In the Natixis Global Asset Management Global Retirement Index which ranks 43 countries, U.S drops to seventeen while Norway ranked one.
“The U.S. took hits in income equality, health care spending and life expectancy. While America may have the fifth-highest income per capita, we have the sixth lowest score for income equality, suggesting that retirement saving is difficult for average workers. Our life expectancy fell, yet we spend the most on health care compared to the other countries analyzed in the index.”
It is said that life expectancy today for as much as 50% of the population is at 100 “About half of the people born today in the developed world are expected to live past the age of 100” This can certainly create a serious problem if people are living longer yet retiring early. It is quite alarming that a large number expects from inheritance and their children to help them as they retire though a large number also said that their retirement would be financed by their personal savings.
Scary to think you could outlive your savings.
No one knows how much money they need to save and how long they will live.
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