I was struck by this paragraph in the Foreign Affairs piece I posted by Shannon O’Niell:
“As a result, modern Mexico is a middle-class country. The World Bank estimates that some 95 percent of Mexico’s population is in the middle or the upper class. The Organization for Economic Cooperation and Development (OECD) also puts most of Mexico’s population on the upper rungs, estimating that 50 percent of Mexicans are middle class and another 35 percent are upper class. Even the most stringent measurement, comparing incomes alongside access to health care, education, social security, housing, and food, finds that just over 45 percent of Mexicans are considered poor — meaning that almost 55 percent are not.”
Many studies I have seen from Mexican agencies such as CONEVAL in recent years say that 50%+ of the Mexican people are “poor or very poor.” So how is it possible for 95 percent to be middle or upper class?? In any case a new study from the UNICEF says that 5 out of 10 children in Mexico live in poverty.
The figure of 90% in the middle class in Mexico is just preposterous. INEGI figures, corroborated by various secretariats put the number living in poverty at 54 million. The report mentioned here by the World Bank from Nov. of last year is very detailed but this news account highlights Mexico as being one of the countries of Latin America with the LEAST upward mobility since 2000. See the chart depicting movers and read the last paragraph. “Just two other countries — Guatemala and Nicaragua — had less economic mobility than Mexico.”
Also, the World Bank uses a figure of $10 US/day as its lower threshold for measuring membership in the middle class. This is about 130 Mex pesos/day. If you know anyone who works in the informal sector here, ask them how much they make on a good day, think about that figure and ask them if they consider themselves middle class.