What is the middle class income in Mexico?
According to the OECD measurement, a person with a salary of 20 thousand pesos a month and with four people living at home belongs to the middle class, while a person who receives 7 thousand 500 pesos a month and shares a home with two people, It is in the lowest income category.
What percentage of Mexico is middle class?
47%
The middle class in Mexico, though still small by global standards, is at 47% of the population and growing.
Is Mexico an OECD?
Mexico, which joined the OECD in 1994, is an observer to the DAC. Since the approval of the Mexican Law on International Development Cooperation in 2011, Mexico has started collecting data on an annual basis on development co-operation activities by federal institutions.
What percentage of Mexico is wealthy?
In 2018, it was estimated that around 51.7 percent of the income generated in Mexico was held by the richest 20 percent of its population. This share has remained relatively steady in recent years, showing a slight downward trend between 2014 and 2018.
Why is Mexico in the OECD?
As a member, Mexico fully participates in OECD discussions concerning economic, social and environmental situations, issues, experiences, policies, and best practices. OECD collects and analyzes a very wide range of data which enables Mexico to monitor its position and progress on numerous important dimensions.
How many people in Mexico are in the middle class?
In the report “Under pressure: the reduction of the middle class”, the OECD reports that on average 61% of the population in the international organization is in this income group, while in Mexico it is 45%.
Do You Belong to the middle class in the OECD?
The OECD presented the calculator Do you belong to the middle class? where you must enter the country, the number of family members, and income (in national currency).
What’s the average income of a household in Mexico?
In Mexico, the average monthly income of a two-person household is 7,128 pesos, so if it has an income between 5,346 and 14,256 pesos, it belongs to the middle class (according to the institution’s methodology).
Who are the people in the middle class?
In the report, the institution noted that while almost 70% of those born in the post-war generation (the Baby Boomers, 1942-1964) were part of the middle class when they were 20 years old, in Generation X (1965-1982) it dropped to 64%, and only 60% of the millennial generation (the Millennials, 1983-2002) belong to the middle class at present.