For the last few decades, the world’s retirement systems have been objects of analysis. For the past century, social security has played an important role in society—especially as populations get older, presenting new challenges to governments and their existing policies. Chile and the U.S have different systems with similar results when it comes to poverty prevention. However, the retirement system in the U.S, which is public, is facing sustainability problems, and the retirement system in Chile, which is private, is facing inequality problems. Therefore, the aim of this paper is to make a comparative analysis of the retirement income systems between Chile and the U.S.Despite the accomplishments, new reforms are inevitable, and the cost of the transition of systems in Chile can offer new elements to the debate in the U.S. In addition, the importance and confidence that people have in the system in the U.S and its redistributive component can show other elements for the debate in Chile.
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