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Australia maintains global retirement security ranking: Natixis
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Financial Standard
Australia has maintained its 7th rank globally for retirement security even as more Australians believe it is increasingly more difficult to retire securely.
Natixis Investment Managers Global Retirement Index (GRI) showed across the sub categories, Australia declined in finances in retirement but has improved, or remained steady, across health, quality of life and material wellbeing.
Even though Australia maintained its top ten spot, 53% of Australians said it was a miracle to retire securely, a 5% jump from 2023.
One of issues hampering retirement stability includes over-estimating how much time it takes for individuals to build their savings.
Other factors of concern include sticky inflation, fears of failure, rising public debt straining public retirement benefits, and longer lifespans increasing dependency.
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