Growing old is one of life’s most difficult things. Your body stiffens and creaks. In some cases, it bends over. Some can’t sleep while others sleep too much. Your body loses strength and miniscule problems when you were young became very big deals. Your teeth rot ad according to those in the workplace who knew little and you trained you now have become a liability. Your eyesight becomes dimmer and dimmer and so does your brain.
Fortunately, your government looks out for you. But here in the United States, not so much. Life is hard but so is the government.
“Retirement security in the U.S. took a significant hit in a global ranking, falling three notches to No. 17 among 43 developed countries.
The fifth annual Global Retirement Index ranking from Natixis Global Asset Management has Norway, Switzerland, and Iceland holding on to the top three slots from 2016. The ranking creates an overall retirement security score for each country from 18 performance indicators that address finances, healthcare, material well-being, and quality of life. Countries are also ranked by those four sub-indexes.
Of the 25 countries with the highest overall scores, the U.S. and Austria saw the biggest annual declines this year. The U.S. score is 72 out of 100, which puts it right below Belgium and the Czech Republic and just above the United Kingdom and France. The U.S. had the sixth-lowest score for income equality, which is part of the score for material well-being. That measure, designed to show how well a country’s population can provide for its material needs, combines an income per capita index, income inequality index, and unemployment index.”
“One measure that hurt the U.S. in this year’s index was its rank as No. 30 on life expectancy, even though it spends more per capita on health care than any other country in the index. The mismatch suggests U.S. health expenditures “may not be yielding the same return on investment” achieved by top-ranked countries for longevity, such as Japan, the survey diplomatically noted.
The U.S. was also dinged because income inequality rose from last year. America got the sixth-lowest score in the material well-being category for all 43 countries, even though it was No. 5 in per capita income. The report’s analysis: “The results suggest that millions of lower-income Americans are missing out on that economic growth and may struggle to save for a secure retirement as a result.”
It shouldn’t be too surprising, then, that the quality-of-life measure for retirees fell for the U.S., mainly due to a dip in a happiness indicator. On the bright side, cleaner air improved the American ranking on environmental factors, which are included in the quality-of-life sub-index score.” https://www.yahoo.com/finance/news/u-falls-global-retirement-security-040106828.html