Why do boomers have a better pension than millennials?

“To the millennials They have to work with more mobility, less time and, when that happens, the contribution is generally low”, warns Alejandra Macías, executive director of the Center for Economic and Budgetary Research (CIEP).

Is there time to change course?

Among the good news for the new generations is the reform that eliminates the outsourcing and that it will have a positive impact, because it prohibits subcontracting and stimulates contributions to social security.

In addition, with the increase in employer contributions to worker accounts, which will go from 6.4% in 2022 to 15% in 2030, Bank of America Securities believes that there will be greater investment opportunities for Afores.

The millennials and the next generations can also opt for private plans or voluntary contributions to the Afores, but the problem is that they have lower salaries and fewer benefits compared to those enjoyed by the boomersaccording to specialists.

Reporting by Alejandro Bazán and Luz Elena Marcos