 Using the relative yardstick favoured in many European countries, 27% of Chileans would be poor, according to Juan Carlos Feres of the ECLAC., about 11.1 million people (64% of the population) benefit from government welfare programs, via the "Social Protection Card", which includes the population living in poverty and those at a risk of falling into poverty.The privatized national pension system (AFP) has encouraged domestic investment and contributed to an estimated total domestic savings rate of approximately 21 percent of GDP.