• Young people in the countries under study have higher unemployment and more unstable employment than other age groups. The latter can be seen in the meaningful increases in the unemployment of young people that occurred in Chile, Colombia and Mexico during the Asian crisis, the 1999 financial crisis and the exchange crisis, respectively.
• The emergence of gig economies, which can be considered independent work, is cause for concern, as it may further increase the high rates of self-employment among young people in the countries under study.
• Deferred entry into the labor market is a worrying aspect. The average age of entry to formal work was 27 in Chile and Peru in 2018, whereas in Colombia it was 26 in the same period. The risk of this late entry is that the first years of contribution have a greater impact on the final accumulated balances, since they produce returns for a longer period of time. According to the Chilean Association of AFPs, 43% of the pension is funded in the first 10 years of contribution (under Chilean parameters).
• There is a higher percentage of young people who do not work or study (nini) than other age groups, especially in young people who recently came of age. In Chile, 22.6% of young people in the 19-22 age group are ninis, 62.2% in Colombia for the same age group (survey conducted in Bogota), 29% in Mexico for the 17 to 21 age group, and 19% in Peru for 19 year-olds.
• Young people in the countries under study have a low assessment of savings within their priorities. In Chile, 83% of young people between the ages of 18 and 30 consider savings to be important, versus 94% of people over 30. In Mexico, 33% of young people do not save. In Peru, in turn, 49% of young people between 19 and 24 save, compared to 70% of adults over the age of 25.

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