Finances in retirement sub-index in the Global Retirement Index 2023

Natixis adds the following information about the 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 is a composite welfare index which combines 18 target-oriented indicators, grouped into four thematic sub-indices. The four sub-indices cover four relevant considerations for welfare in old age.

The index 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). The researchers calculated a mean score in each category and combined the category scores for a final overall ranking of the 44 nations studied.

The Finances in Retirement sub-index is based on performance across seven indicators: old-age dependency, bank nonperforming loans, inflation, interest rates, tax pressure, government indebtedness and governance.