The real income of Chileans jumped 22.1% in the second quarter due to the effect of early access to pensions, which made that country the one with the highest increase in that period among OECD members.
The Organization for Economic Cooperation and Development (OECD) indicated in a statement that in its members as a whole, real income fell 3.8% between April and June, which is mainly explained by the withdrawal of some of the aid packages public to face the COVID-19 crisis.
Specifically, in the United States the quarterly decline was 8.3%.
Real income is an indicator used by the OECD to evaluate the evolution of money that effectively reaches families, since it integrates the Gross Domestic Product (GDP) per capita, but subtracts taxes and social contributions from that and adds social benefits.
The authors of the analysis emphasized that beyond the one-off effect of the second quarter, since the beginning of the crisis real income has increased in the OECD.
From the last quarter of 2019 to the second quarter of 2021, GDP per capita had fallen by 0.9%, but nevertheless real income had progressed by 3.6%.
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