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FIAP > Boletín – Otras Publicaciones > Young people have a precarious pension reality – Study series No. 102, Chilean Association of AFP’s – May 2018
15 June, 2018

Young people have a precarious pension reality – Study series No. 102, Chilean Association of AFP’s – May 2018

The study reveals that the unemployment rate of young people between 20 and 25 years of age will reach 15.2%, doubling unemployment nationwide. Young people are entering the pension system at the age of 27, while in 1981 they did so at age 20. Because they start contributing 7 years later, their accumulated funds at retirement could be 33% less. The report concludes that it would not be a good idea to force young people to fund pensions for the elderly, due to the difficulties faced in the accumulation stage and demographic trends.

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