Sunday, June 27, 2010

US ranks 6th in quality of retirement system

MSNBC ran a “market watch” story this morning, in which the United States was ranked sixth in an 11-nation study, on “adequacy, sustainability, and integrity”, as to the quality of its retirement system. The number 1 ranking country was the Netherlands, and number 2 was Australia.

The link for the story is here

Adequacy refers to whether the system provides a standard of living that matches expected life span.

Sustainability refers to demographics, and whether the system can stand up to an aging population if expected.

Chile, which has privatized social security, ranked lower than the US, as did Singapore, with its strict social morality, and China.

Picture: The law firm shown, Greenberg & Bederman LLP (link) is known for helping social security disability recipients.

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