Investor sentiment

2023 Global Retirement Index

September 10, 2023 - 4 min read

Executive Director, Natixis Center for Investor Insight – Natixis Investment Managers – US Distribution

Global retirement security improves but few feel more secure

Retirement security is looking better for most developed countries, with rising rates, easing inflation, low unemployment in key markets – and with the pandemic fading in the rearview mirror. In fact, nearly all of the countries represented in the 2023 Natixis Global Retirement Index received a higher overall score for the first time in a decade.

But while these improvements suggest that retirement security feels more broadly attainable, individuals in many countries are not as optimistic, according to results of the 2023 Natixis Global Survey of Individual Investors.

This year’s report takes a deep dive into the critical issues driving global retirement security – and reveals the top countries for retirement security around the world.

2023 Global Retirement Index full report

8.40 MB

Top 10 countries for global retirement security

While the top four countries held their rankings from 2022, this year, Luxembourg moves up two slots to number five, and Germany moves into the top 10 at number nine. Australia and New Zealand both dropped two spots. And the Czech Republic moved out of the top 10 completely.

Five key risks for global retirement security

Individuals have learned hard lessons in recent times about how fast and high prices can rise. Over the long term, they’ll need to reassess savings and investment goals to ensure they’re better positioned for future spikes that could kill their chances at a secure retirement.

A decade of record low interest rates hampered retirees’ ability to generate income. Now that rates are rising, individuals need to better understand how rising rates affect their overall financial picture. And most don’t.

The Global Financial Crisis added $12 trillion to public debt in OECD countries, then the Global Pandemic added $18 trillion more. In the end, somebody has to pay the bill – and it could impact retirement income plans of individuals across the globe.

An already aging global population is experiencing the effect of “Silver Tsunami” as a larger and even older population is pressuring traditional notions of retirement. The transition from defined benefits to defined contribution is escalating, and policymakers grapple with the best way to manage increased demand for support from an aging population.

In the end, the only factor individuals can actually control is their expectations. But whether they are retired or not, investors need to ensure their assumptions about retirement are accurate and their financial expectations are realistic. And unfortunately, many aren’t.

Download the 2023 Natixis Global Retirement Index

2023 Global Retirement Index full report

8.40 MB

About the 2023 Natixis Global Retirement Index

The Global Retirement Index (GRI) is a multi-dimensional index developed by Natixis Investment Managers and CoreData Research to examine the factors driving retirement security and to provide a comparison tool for best practices in retirement policy.

The GRI includes International Monetary Fund (IMF) advanced economies, members of the Organization for Economic Cooperation and Development (OECD) and the BRIC countries (Brazil, Russia, India and China). We’ve calculated a mean score in each category and combined the category scores for a final overall ranking of the 44 nations studied.

Curious what happened next?

Check out our latest report.

2024 Global Retirement Index

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The data shown represents the opinion of those surveyed, and may change based on market and other conditions. It should not be construed as investment advice.

This material is provided for informational purposes only and should not be construed as investment advice. The views and opinions expressed are as of September 2023 and may change based on market and other conditions. There can be no assurance that developments will transpire as forecasted, and actual results may vary.

All investing involves risk, including the risk of loss. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. Investment risk exists with equity, fixed income, and alternative investments. There is no assurance that any investment will meet its performance objectives or that losses will be avoided.

Natixis Distribution, LLC is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers.

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