Partial withdrawals at Afores recorded their highest level during August 2022

Partial withdrawals at Afores recorded their highest level during August 2022

Workers continue to make partial withdrawals from Afores (pension fund managers); Only after numbers reached in the months with the highest unemployment rates in the pandemic are these levels the historical extremes.

In August, the Alphoris partial unemployment withdrawals hit the highest number so far this year, totaling 2,082 million pesos. This reflects a 1.9% annual decrease in real terms, according to Eat (National Committee for Retirement Savings System).

The aforementioned amount revealed that partial withdrawals of unemployment in the first quarters accumulated in August of this year for four consecutive months with monthly increases.

READ ALSO :   Brazil's real and the Mexican peso have climbed against the dollar as rival currencies tumble this year - but economic and political risks could eat into their gains.

Newsletter Updates

Enter your email address below to subscribe to our newsletter