The richest people in Mexico represent 1% of the population and accumulated 31% of the country’s total wealth in 2020, according to the global wealth report presented by the Swiss bank Credit Suisse.
However, the level of concentration has been decreasing over the years, because in 2000, that 1% concentrated 42.8% of wealth.
The Gini index of inequality in 2020 for Mexico was 80.5 points out of 100 possible. In addition, Mexico went from having 274,000 adults with wealth greater than a million dollars in 2019, to 264,000 in 2020.
Between January and March of last year, 17.5 trillions of dollars were lost due to the uncertainty generated by the pandemic, but this setback had a recovery at the end of June.
By 2025 it is estimated that in Mexico the number of millionaires in dollars will grow compared to 2020.
The bank’s report highlights that both in Chile and Mexico, inequality in wealth has increased in 90% of the population, with the highest inequality being among the richest.
Inequality
Mexico, as well as Chile and Brazil, is one of the Latin American countries with the highest concentration of income, since 10% of its population captured more than 57% of national income between 2019 and 2020, according to the 2021 Regional Human Development Report of the United Nations Development Program (UNDP).
“The concentration of income in these countries is persistently high and / or increases over time,” the report warned.
UNDP adds that Uruguay, Argentina and Ecuador have the lowest levels of concentration.
The Regional Human Development Report noted progress in Latin America in reducing inequality, however, the region is the second most unequal in the world, only surpassed by the countries of sub-Saharan Africa and the Caribbean.
In Latin America and the Caribbean there are 105 billionaires with a combined net worth of $ 446.9 billion, while 2 out of 10 people have food deficiencies, the report noted as one of the wealth-related contrasts in the region, prosperity, backwardness and vulnerability.
