You sometimes hear, “Oh, to be young,” and there is merit to that sentiment depending on where you live out your retirement years. Retirement security is not an issue weighing on individuals alone. It is among the top social issues globally because of a simple fact: the world’s population is getting older. According to the World Bank, the share of people aged 65 and older will double by 2050 to reach 1.5 billion. Societies must grapple with how to ensure people have the resources and services to support themselves through retirement.
The Natixis Global Retirement Index (GRI) evaluates 18 performance indicators to provide an in-depth look at four aspects of standard of living in retirement, namely: the material well-being or comfort of living, access to quality health services, access to quality financial services, and a clean and safe living environment. This index is calculated based on data for 43 countries: IMF advanced economies, members of the OECD, and the BRIC countries.
These indicators are important determinants of physical wellness and therefore retiree welfare. The Health index is calculated as the geometric mean of three indicators: life expectancy, health expenditure per capita, non-insured health expenditure. For last 5 years, China is keeping leading position by life expectancy. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being
This index shows the level of happiness and fulfillment in a society as well as the effect of natural environment factors on the Quality of Life of individuals. It is constructed as the geometric mean of the happiness index and the natural environment index. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being
Material Wellbeing index is calculated based on income per capita, unemployment rate, and income equality. Last year, Qatar took 1st place by GDP per capita. Norway was the only 9th, but it has one of the highest Material Wellbeing index scores. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being
Finances index illustrates the soundness of a country’s financial system and the level of returns to savings and investment and the preservation of the purchasing power of savings. It is the arithmetic mean of the institutional strength index and the investment environment index, which is calculated as the geometric mean of six indicators of the soundness of government finances and the strength of the financial system mentioned bellow. Home | The Health in Retirement Index | Finances in Retirement Index | Quality of Life Index | The Material Well-being