The list seem surprising as some giant economies are significantly ranked among the top 7. With the recent continuous awareness on investment and various pension reforms, I find it surprising that 12.6% of people above 65 in OCED (Organisation for Economic Co-operation and Development) countries are living in relative relative income poverty.
According to the figures released by , find countries with the highest number of poverty in retirees from the most prevalant to the least prevalent in OCED countries below;
1. South Korea with 50% of its retirees living in Poverty.
2. Australia with 35.5% of its retirees living in poverty.
3. United States of America with 21.5% of its retirees living in poverty.
4. Japan with 19.4% of its retirees living in poverty.
5. Turkey with 18.4% of its retirees living in poverty.
6. United Kingdom with 13.4% of its retirees living in poverty.
7. Germany with 9.4% of its retirees living in poverty.
8. Italy with 9.3% of its retirees living in poverty.
9. Poland with 8.4% of its retirees living in poverty.
10. Ireland with 6.9% of the retirees living in poverty.
11. Greece with 6.9% of its retirees living in poverty
12. Spain with 6.8% of its retirees living in poverty.
13. Canada with 6.7% of its retirees living in poverty.
14. France with 3.8% of its retirees living in poverty.
15. Netherlands with 2.0% of its retirees living in poverty.
In a view, it is shocking that standard economies like South Korea, Australia and USA topping the list while, Netherlands, France and Canada are the least countries with high levels of poverty in retirees.