Withdrawal of 10% helped increase household income by 35.4% in Chile

The gross disposable income of households increased by 35.4% compared to the third quarter of 2019, explained mainly by social benefits net of contributions in relation to the extraordinary partial withdrawal of pension funds – which had an impact of 39.2%, according to a Chile’s Central Bank report. The report states that without the withdrawal of 10% of pensions, household incomes would have fallen by 2.6% compared to the third quarter of 2019.

Source: La Tercera