Portugal ranked at the top for the most financially adequate retirement system according to a new study.
The US, however, ranked 24th in adequacy among the 47 countries studied for its retirement system.
AdvertisementAdvertisementPortugal, the Netherlands, and Iceland ranked at the top for the most financially adequate retirement systems — while the US ranked 24th.
AdvertisementAdvertisementMany Americans have been skeptical of the US's retirement system, funded primarily through savings in 401(k)s and individual retirement accounts, as well as Social Security.
Portugal, which ranked at the top of Mercer's list, also ranked second for comfortable retirement on U.S. News & World Report's Best Countries ranking.
Persons:
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Organizations:
Service, US, Mercer CFA, Global, Security, U.S . News
Locations:
Portugal, Netherlands, Iceland, Denmark