When it comes to retirement, Brazil doesn't do as well as it does in football. Our country is in the penultimate position of the global ranking that brings together the best countries to retire well. Out of all 44 participating nations, we are ranked 43rd, just ahead of India.
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Unfortunately, we also lag behind other Latin American countries such as Chile (34th), Mexico (36th) and Colombia (42nd). Those at the top of the list for showing the best retirement indicators are:
This study was carried out by Natixix Investment Managers, an American asset management company.
Among all the countries that made part of this list, we can find some members of the Organization for Cooperation and Economic Development (OECD) and also the great emerging countries of the Brics, which is formed by Brazil, Russia, India and China. Four criteria are taken into account for the evaluation scores received by each country: health, economic well-being, income during retirement and quality of life.
The highest score registered in the evaluation of our country was in the part of quality of life, reaching 59%, soon after came income with 57% and finally health with 56%.
The maximum possible, as we can see, is to reach 100% in all categories. The worst score registered was on the macro criterion of economic well-being, reaching the mark of 4%. The number is thanks to the lack of income equality.
The ranking also classifies the year 2022 as a bad time to be retiring because of inflation at high levels around the world. The very high prices of a barrel of oil, food and housing are destroying the purchasing power of workers who intend to retire soon.
Another challenge encountered is the dependency rate, as there are always older people in need of another family member of working age who can afford benefits social security.
According to the aging of the world population, there is pressure on this rate that may end up worsening retirement conditions. “For institutions, rapidly aging populations will test the limits of retirement benefit systems,” the study points out.
“Instead of waiting for your investments and money saved generate a sustainable income [movement driven by high interest rates], retirees been forced to use their reserves during these last two years when they normally seek to preserve their capital. As a result, either reserves were heavily affected, or retirees took more risks to compensate for the momentum in the face of a volatile market,” Natixix also commented.
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