Sunday, February 13, 2005

The Chilean Miracle

LA Times:

Social insecurity

In any given month, only about half of Chileans with personal retirement accounts contribute to them. And most participants had accumulated less than $3,500 as of September 2004.

Chilean workers' participation in private accounts

Not contributing: 51%

Contributing: 49%

Breakdown of private accounts by size

$3,481 or less: 59%

$3,482 to 8,702: 19%

$8,703 to $17,403: 11%

More than $17,404: 11%


Source: Chile's Superintendent of Pension Fund Administrators

Los Angeles Times

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