Europe a better retirement destination than the U.S., study says

If you’re looking for new opportunities in retirement, then consider looking outside of your current city for destinations. A recent study by Natixis Global Asset Management (NGAM) has listed the 21 best countries for retirees, based on the criteria of health, finances, and quality of life.

Is Europe your dream retirement spot?As reported by the Financial Post, 16 of the countries on the list are in Europe, including the United Kingdom, Italy, Slovakia, Slovenia, and the Czech Republic. Other entrants on the list include Japan, Israel, and Australia. Norway ranked first.

In North America, Canada ranks as the 13rd best country for retirees, and the United States ranks 19th.

“Citizens of other industrialized nations can rely on strong social safety nets in old age, at least for now,” John Hailer, president and CEO of NGAM, said in a statement. “In the U.S., we encourage workers to plan, save and invest, and promote policies that help them meet their future needs.”

According to the Financial Post, the factors which brought down the ranking of the United States included an unstable financial landscape in the country, as well as the increasing costs of healthcare and housing.

What do you think of this retirement list? Would you consider a move to Europe for retirement? Tell us about it in the comment section below: