Brazil occupies the penultimate position in the global retirement ranking with 44 countries

Brazil is the penultimate place in the global retirement ranking with 44 countries, ahead only of India, according to a survey by Natixis Investment Managers. The study takes into account four main points to define where the retiree lives best: health, finances, quality of life and well-being.

The Natixis Global Retirement Index began to be produced in 2012 and includes countries with developed economies and those that are part of the BRICS (Brazil, Russia, India and China).

According to the study, in 2022, rising inflation is what contributes to the poor quality of life for retirees, followed by the rise in oil, food and housing, which have eroded the purchasing power of the elderly.

See the position of countries in the global retirement ranking

1. Norway
2. Switzerland
3. Iceland
4. Ireland
5. Australia
6. New Zealand
7. Luxembourg
8. Netherlands
9. Denmark
10. Czech republic
11. Germany
12. Finland
13. Sweden
14. Austria
15. Canada
16. Israel
17. South Korea
18. United States
19. UK
20. Belgium
21. Slovenia
22. Japan
23. Malta
24. France
25. Estonia
26. Poland
27. Singapore
28. Portugal
29. Cyprus
30. Slovakia
31. Italy
32. Hungary
33. Lithuania
34. Chile
35. latvia
36. Mexico
37. Russia
38. Spain
39. China
40. Greece
41. Turkey
42. Colombia
43. Brazil
44. India
    

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The country that leads the ranking is Norway, followed by Switzerland and Iceland. Three Latin American countries are best placed: Colombia, Mexico and Chile. All of them, however, have a low rate of well-being in retirement, below 40%. In the case of Brazil, the rate is 4%.

On the other hand, Brazil ranks first in interest rates and fifth in dependence on retirees from public services in old age.

The report points out that rising inflation should be a focus of concern for future retirees, who will need to organize themselves even more financially, seeking investments that guarantee quality of life.

For Adriane Bramante, president of the IBDP (Brazilian Institute of Social Security Law), the study demonstrates the lag in the value of the social security benefit in Brazil, despite the annual correction based on inflation.

“The benefit is being eroded by inflation, by higher inflation rates every year, getting more and more out of date. It’s sad to see Brazil in 43rd place in a ranking of 44 countries”, she says.

An analysis made by the IBDP, however, points out that the situation could be worse for the country if we had not gone through the difficulties that some are facing only now. “It is important to emphasize that Brazil is one of the countries that best deals with inflationary impacts, due to all the terrible experiences lived in the past, especially in the 1980s to the mid-1990s”, he says.

For Emerson Costa Lemes, editorial director of the IBDP, there are points studied in the ranking that do not affect Brazilians so directly, such as the rise in interest rates, which impacts countries where there is capitalization in Social Security.

According to him, what “drops” Brazil on the list is income inequality. “The study only covers large economies. Less rich countries are not part of the list. So, considering the 195 countries that currently exist, being in 43rd place is not the worst position in the world; on the other hand, being behind Chile, Mexico and Colombia It’s really sad.”

indebtedness

Tonia Galetti, coordinator of the legal department of Sindnapi (National Union of Retirees), says that, currently, Brazilian retirees are living with much more difficulties.

“It’s all very expensive, and family members today need more help from retirees than they ever did, so what was already little is even smaller. These numbers only reveal what people already live and know in their daily lives “, it says.

She also points out the indebtedness of the population in general, especially the elderly, as another factor that prevents a good quality of life in retirement, and with no prospect of improvements in the short term. “We have also seen a high number of retirees indebted with basic survival items.”

In a note on the Global Retirement Index, developed by Natixis Investment Managers and CoreData Research, the company states that the aim is to “examine the factors that drive retirement security and provide a benchmarking tool for best practices in retirement policy.” “.

According to the company, the data presented are based on the opinion of those surveyed and, therefore, may change according to the market and other conditions. “It should not be interpreted as investment advice,” he says.