Mexico.- During 2021, 56% of the legal age population in Mexico suffered economic damage due to the crises caused by the pandemic of COVID-19The National Survey of Financial Education (ENIF) revealed.
Survey conducted by the National Banking and Securities Commission (cnbv) and the National Institute of Statistics and Geography (INEGI) show that residents of rural areas of the Mexican Republic had the same effect as urban areas, except in the northern region of the national territory, where the former recorded less damage than the latter.
According to the national survey, the population affected by the economic consequences of the national contingency had to resort to various measures to be able to cope with the economic shock, almost all the people suffered, indicating that they had to reduce your expenses,
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“About 8 out of 10 affected people resorted to their own savings and only 4 out of 10 reported taking loans from relatives. This suggests that a significant portion of the population has limited their consumption and reduced their savings, as well as impacting their family’s support network, which could have created a situation of greater financial vulnerability. reduced their level of welfare. ”, exposes ENIF.
Meanwhile, he specified that among the affected population formal creditOnly 30% reported using a credit card or using some form of financing to cope with a crisis caused by the health emergency caused by SARS-CoV-2, suggesting “that The credit market, even among a population already formally involved, does not appear to be the first option in the face of an economic emergency”.
Similarly, the document outlines that about 28% of affected people with formal credit reported delay in payment of certain creditsWhich could have increased their economic vulnerability.
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In this context, to face the economic problems of the advent of COVID-19 as per the survey data, 95% of people surveyed had to reduce their spending As a measure to deal with the situation, while 79% resorted to savings, 40% for family loans and 18% mortgaged or sold some of their belongings.
Mexican population to be affected by COVID-19 in 2021: ENIF