finance

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.

When it comes to saving for retirement, how do you think you compare to your peers? Are you ahead of the pack, or falling behind?

As recently reported by Forbes.com, retirement advisors say there is a gap of about $250,000 between what most people have saved for retirement, and the kind of lifestyle they hope to achieve during their retirement years.

Although the world’s population is aging at a faster rate than ever before, not all countries are aging at the same pace.

In fact, while some countries such as Japan and Russia are already seeing population drops, other countries such as the United States and Canada have become dependent on immigration to maintain their working populations.

Do you ever wonder how to stack up in the race to retirement? Are you working longer than your Baby Boomer peers, or retiring earlier?

As reported recently by MSN Money, the United States Census Bureau recently completed a study evaluating the labor force participation rate, per state, by residents aged 65 years or older.