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Which countries are best to grow old in?

Investments & Pensions | November 29, 2015
Excel Sheet

For the fourth consecutive year Denmark holds onto the top position among countries where to grow old, according to the Melbourne Mercer Global Pension index.

Primary reasons for Denmark’s top spot are its well-funded pension system with good coverage, high level of assets and contributions, the provision of adequate benefits and a private pension system with developed regulations. The top performer when it comes to integrity of retirees is Finland.

Many of the countries that performed poorly were European welfare states (most notably France, Greece, Italy and Spain) where generous public pensions place a heavy burden on national finances. In 2010, the European Union’s expenditure on public pension systems amounted to 11.3% of GDP. This is expected to rise to 12.9% of GDP by 2060.

The global human population is expected to keep growing older. By the year 2100, the United Nations expects there to be more than 10 billion of us, up from 7.3 billion today. In the meantime, the number of people older than 60 is expected to double by 2050 and more than triple by the end of the century.

So Lego is the game you should start playing if you decide to have a merry retirement.