Mexico | Physical and financial health in the face of Covid-19

Summary

With Covid-19, it is not only necessary to take care of physical health, but also financial health, mainly because we are exposed to negative variations in income. The note presents recommendations in case of being under these variations.

Key points

• Key points:
• According to the National Policy for Financial Inclusion 2020, the financial health diagnosis of Mexicans is “precarious”.
• In April, between 9.1 and 14.9 million of Mexicans received no income due to the quarantine.
• Negative variations in income could generate, not only problems to pay some fixed or daily expenses, but also could affect the financial future due to over-indebtedness or the excessive use of retirement savings funds.

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