What do pensioners in Mexico spend their money on?

Retirees in Mexico have a number of needs to be met with the resources they receive, but exactly what? Knowing these data reveals important consumption habits that can shape the needs of this segment of the population .

In Mexico, people who receive a pension spend 32.3% of their spending on food. , according to the Pensioners' Expenditure Survey conducted by Banorte Pensions. This percentage reflects the priority this group gives to food in their monthly budget .

In addition to food, pensioners allocate 22.3% of their resources to services such as water, electricity, gas, and telephone services. Health care accounts for 15.4% of this expenditure. , which indicates the importance they place on their physical and medical well-being. 8.9% is allocated to transportation, while 6.4% is used for housing, including rent, maintenance and other related expenses. .

The remaining 14.7% is divided between clothing, education, debt payment, recreation and other miscellaneous expenses. These data show how retirees prioritize their basic needs, such as food and utilities, over other non-essential expenses.

The Banorte Pensioners' Spending Survey provides a detailed look at the spending habits of this group of people, which can be useful for designing public policies and financial services that better respond to their needs .

It's important to note that these results correspond to a specific sample and may vary in other regions or among different groups of retirees . However, they offer valuable insight into how this segment of the population manages their monthly budget.

With information from SUN

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