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Ecuador's Original English Language Newspaper

Average pension for retirees of $655.20 does not even cover the cost of the basic family basket in Ecuador

Published on April 07, 2021
Facebook Twitter Google+ LinkedIn The cost of the basic family basket, which includes goods and services representative of household consumption in a month, was $712.07 last February, according to the National Institute of Statistics and Censuses. Meanwhile, the average pensions of all retirees reach $655.20 per month, according to the Ecuadorian Social Security Institute (IESS), below what a […]

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