Is Latin America Retreating From Individual Retirement Accounts?


The brief’s key findings are:

  • Many Latin American countries adopted individual retirement accounts (IRAs) to supplement or replace traditional social security systems.
  • Recently, a number of these countries have enacted reforms to better balance individual saving and social risks.
  • The new reforms generally aim to improve – not abandon – IRAs and, at the same time, to provide more adequate protection against old-age poverty.