The U.S. isn’t the only country with retirement preparedness woes, and improvement isn’t coming fast enough.
According to a report from the Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement, although the score indicating retirement readiness has risen “slightly but unevenly” across countries, it’s still a low score and there’s plenty of work to be done to improve the situation.
The Aegon Retirement Readiness Index (ARRI) measures retirement preparedness on a scale from 1–10, with scores of 8 and higher considered to be high retirement readiness, scores of 6 to 7.9 as medium and less than 6 as low.
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