In the United States, the average deferral rate in defined contribution (DC) retirement plans is 8.6%.

American workers with access to such plans have saved and invested substantial assets for retirement, many of them utilizing the help of expert financial advisers. Reports show the mean 401(k) account balance has soured 466% in the last 10 years.

But how do these figures compare to other nations? Are there takeaways advisers and investors can derive from studying the saving/investing behaviors of citizens of other countries? The 2019 Aegon Retirement Readiness Survey, conducted with the Transamerica Center for Retirement Studies and Longevidade Mongeral Aegon, seeks to answer these questions.

In the survey report, Aegon analysts rank employees’ reported levels of retirement readiness in markets around the world. Those who feel best prepared for retirement achieve higher numbers on a scale of 1 to 10.

In the survey, the United States has an index rate of 6.6. India earned the highest score out of the 15 countries studied, at 7.8, despite that country’s challenges with massive wealth inequality. Brazil came in at 6.5, and China and the United Kingdom score 6.2 each. Among those in the bottom of the cohort included Japan at 4.9; 5.4 for Spain and 5.6 in France.

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