Top Countries to Retire In 2022
As birth rates decline and life expectancy increases, the share of elderly population is growing in many countries, putting pressure on governments´ability to fund pensions and retirement services. Additionally, when factoring in rising inflation and the implications of the COVID-19 pandemic, it has become increasingly difficult for many to afford retirement.
This ranking looks at economic factors, state-provided retirement options, and healthcare, among many other elements, to determine which countries are the best to retire in.
- Health - Expenditure per capita, life expectancy, and non-insured health expenditure.
- Quality of life - Happiness, water and sanitation, air quality, environmental factors, and biodiversity and habitat.
- Material well being - Income per capita, income equality, and unemployment.
- Finances in retirement - Government indebtedness, old-age dependency, bank non-performing loans, interest rates, inflation, governance, and tax pressure.
Many countries have been forced to increase their retirement age to keep people in the workforce longer and to ease the burden of public spending on retirement services.
Across OECD countries, nearly 16% of people over the age of 65 are still working.