The perils of not saving
A pioneering system, now in need of reform
PALLBEARERS bearing coffins scrawled with the legend “No+AFP” joined tens of thousands of Chileans in Santiago on August 21st to protest against the country’s privatised pension system. Organisers—a mix of unions, pensioners’ associations and consumer-advocacy groups—say that a million demonstrated nationwide (perhaps an exaggeration). Pensions are too small, the marchers complain. After “years of abuse…the people have finally woken up,” says Ernesto Medina Aguayo of Aquí La Gente, a pressure group.
This article appeared in the The Americas section of the print edition under the headline “The perils of not saving”
The Americas August 27th 2016
From the August 27th 2016 edition
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