40% of Mexican families seek extraordinary loans to face daily expenses

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In addition to this, the provisions of the retirement savings account have been increased by up to 67%, in disagreement with Consar, which shows that Mexicans are going through one of the worst conditions of reduced income and access to basic consumer goods.

Fernando Tapia, Director of the business school of the Tec de Monterrey campus Toluca explained that the situation is complicated, since the resource is being used for current spending, that is to say, food, the payment of a rent or mortgage and not in investment or productivity.

Stated that credit in itself is not bad, as long as it is applied in order to obtain a return.

During the last days City Banamex also announced that this year it has the highest delinquency rate in the last 12 years in the payment of creditsTherefore, it is urgent to improve the income conditions of the population, as well as the generation of employment.

I assure that in many cases, families are acquiring a second and even third credit, which puts their future economic life in serious difficulties.

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