You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Natixis: US ranks 19th globally in retirement security

Americans are less secure in their retirement than workers in much of Europe, as well as those in Canada and Japan, according to a new report released Thursday.

The United States ranks 19th globally in retirement security for its citizens, the report by Natixis Global Asset Management found. The Paris-based company said the findings suggest that Americans will need to pick up a bigger share of their retirement costs, as the number of retirees grows and government programs to support them become more strained.

Continue reading below

“The message is clear: You will be called on to finance more of your retirement,” said John Hailer, chief of Natixis in Boston, where he oversees the Americas and Asia.

To reach its findings, Natixis compiled an index that gauges how well retired citizens live in 150 countries. It includes measures of health, wealth, and a total of 20 factors. Norway tops the list for retirees living well, followed by Switzerland and Luxembourg.

Weighing heavily against American retirees is the extent to which people here must save for their own retirement, vs. receiving company or government pensions. And the economic downturn hasn’t helped. More than half of Americans over age 30 -- or 53 percent -- are on a path that will leave them without enough savings for retirement, up significantly from 38 percent in 2011, Natixis said.

Beth Healy can be reached at bhealy@globe.com.
Loading comments...
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.