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Americans rank poorly in global retirement survey

Many studies have shown that North Americans have not saved enough money to last them through their retirement years, and a new report shows they are not alone.

As reported by the Fort Mill Times, a Paris-based financial services company, Natixis Global Asset Management (NGAM), found the United States ranks 19th in the world for the level of retirement savings preparedness, behind Canada (13th), Australia ( 11th), and Japan (15th). The highest-ranked countries were all located in Western Europe.

How to plan for retirement

Retirement can be a scary concept for people coming up to this time in their lives, but it is nothing to be afraid of.

It is a major change for someone who has been working all of their adult life, but once you get used to the necessary alterations you can craft a good life for yourself in your autumn years. The key is to embrace the changes that come with your retirement rather than get upset because your lifestyle is different.