U.S. Fails to Crack Top 10 in 'Retirement Security' in Natixis Index

The U.S. might be the richest country in the world, but it doesn't even rank in the top 10 when it comes to preparing its citizens for their golden years. According to Natixis Global Asset Management's 2016 Global Retirement Index, the United States ranks 14th for retirement security. Among the leading countries for retirement security identified by the Natixis Index, Northern Europe dominates the top 10 with Norway in the top spot, followed by Switzerland and Iceland. Sweden, Germany, The Netherlands and Austria also landed in the top 10. 'Demographics and economics are pressuring the U.S. retirement system,' said David Goodsell, Executive Director of the Durable Portfolio Construction Research Center at Natixis Global Asset Management. 'Americans know they need to save more, but they need to start putting plans in place.'