Yes. There is a huge economical difference we notice everywhere. My dad was poor when a child by any standard, my kids enjoy almost the level of middle class in a developed country. That's visible everywhere. When I was a kid in the 60s (ooops
) there were large parts of the city with chanty towns (called "mushrom" cities in here, because it appeared overnight), today you don't see them quite often at all.
The country has progressed a lot, but there is still a percentage (10 to 20%) of the people that lives in poverty. The country is working in erradicating poverty at last, and I believe it can do it in the following decades.
Socialism failled in Chile. Today we have many "socialist" people in power, but they apply the rules of free market economy: the only system that has worked for us.