US retirement system ranks 29th globally, with C+ grade, facing challenges like lack of workplace plans

From CNBC: 2024-10-16 10:36:18

The U.S. ranks 29th out of 48 global pension systems in 2024, with a C+ grade. Top-rated countries like the Netherlands demonstrate better coverage and fewer withdrawal opportunities. Challenges include lack of workplace retirement plans and high savings leakage, impacting Americans’ retirement readiness. Policy changes aim to address these issues.

Read more: Here’s why the U.S. retirement system isn’t among the world’s best