07/20/2016 06:25 EDT | Updated 07/20/2016 06:59 EDT

Canadian Retirees Are Better Off Than American Ones, Study Says

Retired Canadians really do have it better than their southern cousins do.

At least according to the 2016 Global Retirement Index, anway.

The index ranks various countries based on factors like residents' post-career finances, health, material well-being and quality of life.

A senior fly fisherman stands in Madely Lake near Whistler, B.C. (Photo: Mike Powell/Getty Images)

Since 2013, Natixis Global Asset Management has used the index to study the lives of retirees around the world.

This year, it focused specifically on 25 developed countries where retirement has been an important economic and social issue.

Canada ranked 10th with a score of 77 per cent, beating the United States by four places.

Two mature adults sit on a yacht in Georgian Bay, Ont. (Photo: Donford1/Getty Images)

The Great White North achieved its strongest score (87 per cent) in the "Health" category, which measures "access to quality health services."

Canada had a "strong performance in health expenditure per capita, non-insured health expenditure and life expectancy," the index said.

It also achieved high marks in the "Quality of Life" category, recognizing air quality and overall happiness. The index also said that Canada is generating lots of renewable electricity, "which is an encouraging sign for environmentally conscious retirees."

An elderly couple enjoys the rays in Nanaimo, B.C. (Photo: Boomer Jerritt/Getty Images)

Canada did better in almost every respect than the United States, which achieved a score of 73 per cent.

America was Canada's equal only in the "Health" category, where it scored 87 per cent. The states ended up with the "highest health expenditure per capita" of any country in the index.

But it also ranked in the bottom 10 on the list for income inequality, despite having some of the highest levels of per capita incomes.

America also lost a few points in the "Quality of Life" category due to its status as one of the world's leading producers of CO2 emissions.

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