Chile's Standard of Living

While many South American countries struggle like Bolivia, Chile is doing extremely well. Their economy has had a recent boom, and their standard of living has risen to the highest in Latin America. According to the UN Human Development Index (HDI, a gauge for standard of living), Chile ranks 44th best country in the world, unheard of for a Latin American country. Chile was ranked in the "Very Good" category on the HDI scale, receiving a .805 on a scale of 0-1. Chile has made many smart economic decisions that have led them to such success. Chile also has seen higher schooling rates and life expectancy rates.  

Chile is having a high standard of living for many reasons, the primary reason is that they came to their senses on Social Security. José Piñera, Chile's former Secretary of Labor and Social Security, instituted the policy to allow Chileans to choose to go to private social security accounts. As a result enormous economic benefits ensued. Chile gained 17% more savings on their GNP, and eliminated their payroll tax bringing their economy to full employment. As a result of the reform, their Standard of Living skyrocketed because they were using labor (one of the factors of production) extremely efficiently. Chile's outlook only continues to improve, even as the rest of the world's outlook looks gloomy. Chile is exited about the good news, and they deserve their Standard of Living jump.
(Other link cited) (Jose Pinera)

The source of the Chilean article seems legitimate. The url has its own authentic signature ".cl" just like the UK has ".co.uk" or the U.S. can have ".us". The blog has several Latin-American language options, telling me that they have non-English visitors.The people running the site seem to have incentive to attract people to Chile for tourism, signifying that they want people to come to their own country. The articles appear to be upbeat and positive, if I were running the official site of a country, I would not want negative articles to appear. So overall, several indicators tell me this article is authentic.