Spain, second worst country in Europe in preparation for retirement | Funds and Plans

The French manager Natixis Investment Managers prepares a study every year on how prepared different countries around the world are to give adequate treatment to their retirees. On this occasion, Spain has fallen six places to rank 38th out of a total of 44 economies analysed. Greece is the only European country that is worse off.

The Global Retirement Index (World Pension Index, in English) takes into account key aspects for well-being during retirement: material means to live comfortably; access to quality financial services in order to preserve the value of savings; access to quality health services, and a clean and safe environment in which to live.

Spain has dropped from the 26th position in 2012 to the 38th position, which represents a decrease of 12 positions in 10 years. The main indicators that explain this fall are the deterioration of employment and precariousness figures, the rise in interest rates and inflation, the excessive concentration of the population in the elderly, and public debt.

In return, Spain has improved in health, and is the 4th country in the world with the highest life expectancy. Also in quality of life, thanks to a higher score in the happiness indicator and in the biodiversity indicator.

Norway ranks number one in the ranking, followed by Iceland and Switzerland.

The Global Retirement Index evaluates the factors that determine retirement in the advanced economies of the International Monetary Fund (IMF), the members of the Organization for Economic Cooperation and Development (OECD) and the BRIC countries (Brazil, Russia, India and China).

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