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Once you retire, all you want to do is sit back and enjoy life without any obligations. Prospects look good in this regard. Especially if you live in Switzerland. Comparison of 44 countries shows that you can enjoy a safe life in retirement in this country.
In the new Global Retirement Index, Switzerland ranks second – as in the previous year – with a slightly improved percentage of 82 percent. Only Norway (83%) is better off, with Iceland (81%) in third place. India ranks last. French investment bank Natixis specifically examined retirement security in 44 countries for the index.
| rank | country | conclusion |
| one | Norway | 83% |
| 2 | Switzerland | 82% |
| 3 | Iceland | 81% |
| 4 | Ireland | 80% |
| 5 | Luxembourg | 79% |
| 6 | Holland | 79% |
| 7 | Australia | 78% |
| 8. | New Zeland | 77% |
| 9 | Germany | 76% |
| 10 | Denmark | 76% |
Switzerland performs best in the “Finance” subcategory and ranks first here. Seven indicators were analyzed: age dependency, bank loan defaults, inflation, interest rates, tax burden, national debt and governance. In Switzerland, the tax pressure indicator, inflation and national debt, among other factors, improved compared to the previous year.
The categories “health”, “quality of life” and “material wealth” were also examined in more detail. In terms of material well-being, Switzerland rises from 14th to 6th place. Along with Norway and Luxembourg, it is one of the only countries in the top 10 in all categories.
Concerns are big
According to the index, Swiss people should be well off in retirement. But the reality is different: Politicians are currently trying to future-proof the AHV through reforms. Retirees in this country are particularly suffering from the current inflation. And many people do not know enough about the second column.
That’s why French investment bank Natixis conducted a survey. This suggests that, in reality, the countless improvements in retirement have barely reached people. Almost half of those surveyed need a “miracle” for a secure retirement. 28 per cent will have to live frugally and a fifth even think they will have to work longer.
Natixis surveyed 8,550 wealthy private investors in 23 countries for the survey. The five biggest challenges to pension provision were revealed to be inflation, rising interest rates, national debt, demography, and high expectations combined with false assumptions.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
