TRIVIA

The debate over pensions in Chile—ranging from withdrawals from pension funds to proposals to reform the system—has been a hot topic for at least the past two years. As the fourth withdrawal from AFP funds is being discussed, which countries in the Americas do you think are the best places to retire?

a) the U.S., Canada, Colombia
b) Canada, the U.S., Chile
c) Canada, the U.S., Colombia
d) the U.S., Canada, Brazil

Answer:

B) According to the 2020 ranking compiled by the French investment bank Natixis (https://www.im.natixis.com/us/research/2020-global-retirement-index), Chile ranks 34th among the 44 nations analyzed (which include OECD members and the BRIC countries) based on four criteria: health, quality of life, material well-being, and the financial environment for retirees. In the Americas, Canada ranks first, followed by the U.S. and Chile. Below them are Mexico, Colombia, and Brazil. Chile stands out in the financial environment for retirees and in health. Globally, the best countries to retire in are Iceland, Switzerland, and Norway.