Mexican workers get more out of their retirement savings than Americans

Mexican workers had savings returns of 9.3% per year in 2020. In contrast, in the United States a percentage of 5.9% was granted during this same period

Photo: Brett Hondow / Pixabay

The Organization for Economic Cooperation and Development (OECD) reported that workers who are saving for their retirement in Mexico may be having better returns than in other countries such as Iceland, Denmark, and even the States United States or Canada.

According to the study entitled “Pension funds in figures 2020 ”, it is noted that last year the pension funds in Mexico, known as Afores, gave the better performance in a comparison of 23 countries member of the organization.

According to Forbes, in Mexico, Afores paid a 9.3% return above inflation, which means that the Savers’ money, at the end of the year, is enough for you 9.3% more than what you had at the beginning of the year. This situation is news for Mexicans who are thinking about retirement.

Although the OECD study gives positive numbers for Mexican savers, this does not mean that it will be a long-term trend , so this could vary next year. But it is revealing that Mexico has a higher return based on the fact that it is a developing economy.

According to the report, the United States pays the returns to the people who are accumulating their money for retirement by an average of 5.9%. This figure is a bit distant from what is offered to Mexicans, but compared to Canada it is high, since our northern neighbors only offer 1.9%.

The United States, considered one of the world’s economic powers, considerably surpasses prosperous countries such as Israel, which has an average rate of return of 5.8%, as well as Finland, which only offers a profit of 4.6%.

Apart from the results of the study by the Organization for Economic Cooperation and Development, experts in personal finance recommend that all savers should consider it appropriate to have investments that can support your retirement savings .

Therefore, it is essential that those interested in exploring investments to increase their retirement savings consider that a part of the p Ension that we will receive in the future is given by Social Security and the other is complemented by what we accumulate in years, but in most cases it is not enough.

It is so we have to explore which are the investments that can help us increase our savings in a sustained way without implying a risk of losing what has already been accumulated, that is why it is It is advisable to go to specialists in financial matters .

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