61% of Mexicans below the minimum desirable financial knowledge score

Summary

Mexico is below the average of the G20 countries (12.7) with a total score of 12.2 in financial literacy between knowledge, behavior and financial attitudes.

Key points

• Key points:
• 61% of adult Mexicans did not obtain the minimum desirable score in financial knowledge, placing Mexico below the average of G20 countries
• In Mexico, women have 15 percentage points less than men in minimum desirable financial knowledge
• 53% of adult Mexicans made some savings in the last 12 months, placing themselves above the other G20 Latin American economies with Argentina reporting 24% and Brazil 30%
• By 2024, the CoDi will have a potential of 39.2 million people (35.5 million adults aged 18 to 70 years and 3.7 million young people aged 15 to 17) who could use their cell phone to make payments
• Of the population that will use CoDi, a potential of 15.0 million new users of the financial system is estimated by 2024 (11.4 million adults and 3.7 million young people aged 15 to 17)

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