Mexico | Financial Inclusion and Social Mobility

Summary

This note describes some of the main results of the report "Social Mobility in Mexico, 2025, the path towards financial inclusion" presented by the Espinosa Yglesias Study Center (CEEY).

Key points

• Key points:
• Only 3 out of every 100 people born into the lowest economic group (bottom quintile) managed to climb to the highest income group (top quintile), while 53 out of 100 born into the highest quintile remained in that position.
• When parents belonged to the highest income quintile and had access to financial inclusion, 61% of their adult children remained in the same group. if those parents in the highest quintile lacked financial inclusion, the proportion of their adult children who stayed in that group dropped to 39%.
• When people came from lower-income households (the two lowest quintiles), the possibility of social mobility increased when their parents were financially included, compared to those who were not: 13% of people whose parents were financially included managed to rise to the highest economic resource group vs. 4% of people whose parents were not financially included.
• Men were more likely than women to replicate their parents' financial beliefs and attitudes; for example, 35% of men and 31% of women reported saving "just like their parents," while 35% of men and 27% of women said their parents "talked to them about money."

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