Top 20 Countries for Retirement Security
intro: The United States has ranked 19th among 150 countries listed by retirement security, behind many Eastern and Western European countries, according to Natixis Global Asset Management firm. The firm, headquartered in Boston and Paris, released its first Global Retirement Index on Thursday, measuring how well retired people live based on health measures, income levels, a country's financial state and quality of life. The analysis used data from the World Bank and United Nations. Tracy Flaherty, senior vice president with Natixis, said she hoped the analysis will spark a conversation between individuals, employers, pension plans, and policy makers about the need to reform or re-think retirement. "At the end of the day, there is a movement worldwide for people to take more personal responsibility for their retirement," Flaherty said. The U.S. finished with a final score of 74 percent. The top ranking went to Norway, which had an 87 percent score, according to Natixis. The company said ...
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Economic Report: Australia holds interest rate, with eye on Europe
The RBA leaves its policy rate unchanged at 3.5%, choosing to remain still for the moment after slashing rates in the last two months. Gov. Glenn Stevens says recent economic data suggests pace of domestic growth is somewhat stronger than anticipated, but notes risks related to Europe’s debt crisis.
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