The number of Mexicans whose labor income does not allow them to purchase a basic food basket is at its lowest level in the last 17 years, the press service of the BBVA bank reported on May 30.
According to the bank’s analysis with data from the National Council for the Evaluation of Social Development Policy (Coneval), 35.8% of working Mexicans fell below the poverty line between January and March, 1.9 percentage points less than in the same period of 2023.
“Thus, the indicator is not only at lower levels than those observed before the pandemic, but also below the levels prior to the global financial crisis of 2008 and 2009,” the study indicates.
It is observed that the greatest contribution to the improvement of the indicator was made by rural areas. It also says that the dynamics of poverty levels are very heterogeneous between the different states.
“The case of Aguascalientes is notable, where in the first quarter of 2020 the labor market poverty rate was 30.6%, and four years later, in the first quarter of 2024, this figure was 38%… Michoacán, Guanajuato, Nuevo León and Querétaro are other states with poverty rates in the labor market of 2.4 to 3.5 percentage points above pre-pandemic levels,” the bank noted.
At the same time, in states such as San Luis Potosí, Campeche and Nayarit, from the first quarter of 2020 to the present, the poverty rate in the labor market was reduced between 7.2 and 11.1 percentage points.
The highest levels of poverty remain in states such as Chiapas (63.6%), Oaxaca (59.7%), Guerrero (54.9%), Zacatecas (48.3%) and Hidalgo (47.6%).
Source: Rossa Primavera
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