Retirement savings by country

how's your country doing?

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france???

Welfare state, estate taxes, wealth taxes, highest corporate tax rate in the OECD. I'm guessing grenouilles tend to launder their savings in property or something as a result, as well as just not giving a fuck and relying on the state.

This seems like a very incomplete slice of the picture. I'm guessing countries like Norway and France have some kind of public savings program that is preferable or forced

I'm 25 and max-out my 401(k).

I have no savings but I can always sell my body

post bussy, let's see what you have to offer

We are doing okay I guess

Beyond fucked.

They keep increasing age of retirement because there is no money. (HURRDURR WE LIVE LONGER NOW is not a valid excuse imo.)

>private retirement funds

MEH

do the refugees and shit put a strain in your system?

take in more refugees and they will pay for your pension and earlier retirement you dumb racist

you dont need to save when the states got your back hyuk hyuk
only reason were importing immigrants is to prop up our preposterous pension state

funnily enough that's the only viable solution but racists are triggered by brown skin

Fuck off luigi.

Well we have high taxes to solve issues but i guess too much is too much.

That is a moot argument if majority of them refuse to work. ( or pay tax on their work )

Yeah, it's impossible to get a real picture with a chart like this. Also not depicted are the distributions of savings. A pure mean can be skewed by long tails in either direction (a group of super-rich, or a group of super-poor).

I generally hear average Canadians are better prepared for retirement than average Americans, but this graph shows otherwise. The richest Americans are considerably more wealthy than the richest Canadians, so I suspect that's a factor.

>private retirement
no such thing

for you

This has to be wrong.
Our retirement savings may be technically *handled* by four companies but the funds sometimes counted as public property.
They're not private in the sense that the retiree would own the money. They're paid out as the government decides.

The total retirement fund is something like 200 billion euros and our GDP is about 250 billion euros, giving 80% - I bet it's that 75% figure.

>as percentage of GDP
Is this why Luxembourg is so down in the chart?

That, and there isn't really any retirement fund. Most people who want to save for retirement rather than entirelly depend on the state do it in a regular savings acount, not one specific for retirement.