If you are a formal worker and you contribute to Infonavit , the money you have in the housing subaccount generates returns, so it is protected against inflation , that is, it does not lose its value over time.
In recent months, inflation has increased throughout the world. In Mexico, the national consumer price index (INPC) in the first half of July was 8.16%, far from the 3% goal of the Bank of Mexico.
The increase in the price of products and services means that money has a lower value.
“The savings you have in Infonavit generate returns, which by law must be equal to or higher than inflation, which allows that money to retain its value over time in case you decide to use it as a down payment to buy a house or land, improve a home, or receive it once you retire,” the institute said in a statement.
The National Institute of the Workers’ Housing Fund is a mutual institution, which means that the resources of the workers’ housing sub-account are used to grant credits to those who meet the qualification requirements.
The punctual payment of credits and interest, along with responsible financial management, is where the yields that are granted to beneficiaries are generated, the institute explained in the statement.
In the event that a worker does not request a mortgage loan, the resources of the housing sub-account are not lost. “The money will continue to be in your name, accumulating and generating income until the moment of your retirement and will serve to complement your pension,” Infonavit said.
The institute called on workers not to be fooled by false managers, also known as coyotes, who say they will lose money if they do not take out a loan.
