Here's the top country for retirement. Hint: it's not the U.S.

The U.S. might get a lot of things right as a country, but retirement is far from one of them, a new global ranking of retirement security suggests.

The top nation for retirement security is Norway, followed by Switzerland and Iceland, according to the new study from Natixis Investment Managers. The U.S. slipped two places in this year's analysis, from No. 18 in 2022 to No. 20 on this year's ranking of 44 nations.

The reasons for America's middling standing when it comes to retirement security come down to the nation's high inflation and rising government indebtedness, as well as lowered life expectancy, which has declined due to COVID and rising overdose and gun-related deaths.