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2 clusters · 2 sources · 17 days · First seen · Last updated

Financial inclusion and savings trends in Mexico

Overview

Data from the 2023 National Survey on Financial Health (ENSAFI) indicates that Mexican youth aged 18 to 29 have the highest savings rates in the country, with 59.6% reporting some form of savings. Financial institutions have noted that while this shows positive habits, there is a continued need for financial education to support entrepreneurship and wealth building.

Subsequent findings from the 2024 National Survey of Financial Inclusion (ENIF) highlight a divide between formal and informal savings methods. While bank accounts offer digital management and interest yields, informal practices such as ‘tandas’—group contribution systems—remain common. In response to evolving financial landscapes, some institutions, such as Banco Plata, have implemented new security features to protect users from telephone fraud.

Entities

Valladolid Caja Financiera · CNBV · Banco Plata · INEGI · Alberto Granja

Timeline

  1. 15 days ago

    [BUSINESS] 2 sources
    Financial inclusion trends and savings methods in Mexico

    The 2024 ENIF report shows informal savings remain prevalent in Mexico. Experts distinguish between cash, 'tandas', and bank accounts regarding liquidity and growth, while Banco Plata adds new fraud protections

  2. about 1 month ago

    [BUSINESS] 2 sources
    Mexican youth lead national savings rates at 59.6%

    Data from the 2023 ENSAFI survey shows that 59.6% of Mexican youth aged 18-29 have savings, the highest proportion among all age groups in the country.

Sources

chilango.com · diariosigloxxi.com