Mexico City—Mexico's poverty rate experienced a small reduction between 2010 and 2012, dropping by 0.6 percent to 53.3 million people, according to Coneval, the government's social development agency.
During the final two years of former President Felipe Calderon's administration, the poverty rate increased to 45.5 percent in 2012, up from 42.6 percent in 2006.
These findings highlight the challenges faced by President Enrique Pena Nieto, who aims to lift 15 million people out of poverty and stimulate economic growth. Extreme poverty, defined as living on minimal income, decreased from 11.3 percent in 2010 to 9.8 percent in 2012.
Coneval defines poverty as living on a maximum of 2,329 pesos per month ($183) in urban areas, and 1,490 pesos per month in rural regions. The threshold for extreme poverty was set at 1,125 pesos in cities and 800 pesos per month in rural areas.
While the decrease in Mexico's poverty rate is incremental, it signals progress and renewed efforts toward improving the lives of its citizens. The decline in extreme poverty is particularly encouraging, demonstrating that steps are being taken to address this critical issue. President Pena Nieto's commitment to alleviate poverty and boost economic prospects holds the potential to uplift millions and contribute to a brighter future for the nation. This is not just a statistic; it represents a victory for humanity's ongoing fight against inequality and a step closer to building a more equitable society.
Source: Coneval. "Poverty in Mexico". "https://www.coneval.org.mx/Medicion/MP/Paginas/Pobreza_2022.aspx". Aug 10 2023. [Accessed: 12 Aug 2023].
Comments