According to report, the index covers “the factors that drive retirement security” by looking at indicators in four “key aspects for welfare in retirement: the material means to live comfortably in retirement; access to quality financial services to help preserve savings value and maximize income; access to quality health services; and a clean and safe environment”.
“Luxembourg maintains its place at 13th overall in this year’s GRI with a score of 76%”, the index stated. “Much of the country’s success is driven by having top fifteen placements in both ‘finances in retirement’ and ‘material wellbeing’ and the highest score in the ‘health’ sub-index.”
Its “finances in retirement” score, 69%, was based on the strength of the Grand Duchy’s banks, and low levels government debt and inflation. “However, the country has some
of the worst rankings for interest rates (38th) and tax pressure (35th).”
Luxembourg’s top 92% score in “health” partly resulted from the fact that: “both life expectancy and health expenditures per capita remain among the highest of the GRI countries”.