10/10/2013 09:46 am ET

U.S. Drops To No. 11 In Global Retirement Rankings


Just in case there’s not enough to worry about right now, with the U.S. eight days from possibly defaulting on its debt, a new report reminds us that there’s plenty to be anxious about in the future, too.

The 2013 edition of the Melbourne Mercer Global Pension Index (PDF), a ranking of national retirement systems around the world, has the U.S. ranked 11th, down two slots from last year. The bottom line: Americans don’t save enough, our policies are inadequate to help poor and middle-income earners, there are too many loopholes that reduce savings further, and we’re unprepared for how long we’re going to live in retirement.

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