Israel Second Best Place in the World to Retire, New Study Finds
The Tel Aviv skyline. Photo: Reuters
Despite its ongoing war with Hamas to the south in Gaza and escalating tensions with Lebanese Hezbollah to the north, Israel has been ranked as the second best country in the world for retirement, according to a new study.
ConfidenceClub, a company based in the United Kingdom dedicated to helping retirees, released its “Aging Gracefully Index,” which examined 39 countries to determine the best places to retire. The study utilized information such as economic data from the Organization for Economic Development and Cooperation and the cost of living database known as Numbeo, among other sources, to assign scores to and rank each country.
Israel came in second place, receiving a score of 85, which was only bested by Iceland’s total score of 87. Finland, the Netherlands, and Switzerland rounded out the top five.
South Africa ranked last with a score of 43, slightly edging out Greece, Latvia, Slovakia, and Italy for the other bottom-five countries in descending order.
The study focused on data-driven variables to assign total scores including elder emigration, quality of health care, life expectancy, safety, and life satisfaction.
Notably, the survey – conducted after Hamas’ Oct. 7 massacre across southern Israel — placed the Jewish state among the safest countries to retire to. Israel’s safety score was equivalent to those of Denmark and Switzerland. According to the study, “safety isn’t just about low crime rates, it’s about creating an environment where seniors can enjoy their golden years with peace of mind.”
The Aging Gracefully Index also ranked Israel high in its “Elder Balance” variable — meaning Israel’s aging population is supported by a strong working one. Alternatively, the study found that a country like Japan struggles from a high aging population and a relatively small working age one.
Israel ranked highly for retiree life satisfaction. The survey defined life satisfaction as a reflection of “how content people are with their lives, considering factors like economic stability, social connections, and personal fulfillment.”
Similar to the index’s life satisfaction variable, Israel routinely ranks toward the top of the United Nations’ World Happiness Report. In March, Israel dropped one spot to fifth in the list of the world’s happiest countries. Finland was ranked the happiest country.
The Aging Gracefully Index also examined the best cities to retire to with the same criteria as it did with countries. Tel Aviv ranked the third best city for retirement after Reykjavik and The Hague — which came in first and second, respectively.
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