Unemployment withdrawals in Afores reach a historical record in April

In an economic panorama marked by uncertainty, and with a recent reform to the law on the subject, the unemployment withdrawals in Afores have reached record numbers during the month of April.

The figures indicate that in the month of April 2023, a substantial increase in Afore unemployment withdrawalswith a total of 2,736 million pesos withdrawn, marking an increase of 44% compared to the same period of the previous year.

These numbers represent the second highest amount in a single month since the National Commission of the Retirement Savings System (Consar) has recordsonly surpassed by the 2,921 million pesos reported in August 2023.

This increase is significant, especially when compared to the 5,149 million pesos in the first quarter of 2020, a year marked by the pandemic caused by the Covid-19 virus.

Reflection of the current economy

He The increase in unemployment withdrawals has a direct impact on the retirement savings of Mexican workers. With a cumulative total of 10,158 million pesos withdrawn so far this year, concern for the financial stability of workers during these difficult times is evident.

Although unemployment retirement is a right for workers who meet certain criteria, Accessing these funds is considered a measure of last resort due to its impact on the balance destined for retirement.

Among the different Afores, a variety is observed in the withdrawal amounts reported. Afore Citibanamex leads the ranking with 523 million 200 thousand pesos, closely followed by Afore Azteca and Afore XXI Banorte.

He The year 2023 has been marked by volatility in the financial markets, as demonstrated by the losses reported by the Afores in April. This phenomenon highlights the complex dynamics between employment, retirement savings and fluctuating economic conditions, highlighting the importance of sound and flexible financial planning.

In a challenging economic context, it is essential that financial and government institutions work together to protect the financial future of Mexican workers.

This includes policies that promote job stability, as well as measures that strengthen the retirement savings system, thus guaranteeing a secure path to retirement for all citizens.