Financial well-being has the goal of put people in the center And it has to do with making progress toward our financial goals by implementing a detailed plan that allows us to get there while enjoying the journey, said Christian Hauswaldt, CEO of Invested.
Within the framework of the presentation of the second report “Financial Well-being 2023 Mexico in Action”, the directors of Vanguard, Invested, Aon and Amedirh They announced that the objective of this study is to evaluate the economic situation of the collaborators and show the problems in which the Mexican working class finds itself, as well as to promote financial empowerment with the objective of improving their well-being in general, by changing the perspective of financial management and the importance of companies to achieve it.
The companies and institutions that collaborate in this report are aimed at improving the financial well-being of collaborators in Mexico, and for this it is important that companies worry about training and awareness of personal finances, since this issue can affect both the productivity, as well as the loyalty of the collaborators towards the company”, assured Christian Hauswaldt.
With the participation of more than 4,615 employees belonging to 106 Mexican companies from various industrial sectors, the report reflects a general panorama of personal finances in the country, in which 22.75% of the people surveyed allocate more than 50% of your income to pay debts and only 7.94% of men and 3.87% of women have a clear and complete definition of the financial objectives they want to achieve.
pillars
Under this scenario, they presented 6 pillars under which said study was carried out to evaluate the financial well-being of workers.
- TOfinish. It is not enough to know the theory, knowledge must also be put into practice. Therefore, you must know what your expenses are to make a proper financial planning.
- C.know. Knowing what my objectives are, knowing what I want in the medium and long term. “The study reveals that 96% of women do not know their financial goals and 92% of men are in the same situation”.
- C.ontrol. Have control over my finances, know how they are managed. “A question was asked about what part of the income is destined to pay debts and it stands out that 1 in 5 people use more than 50% of their monthly salary to pay debts.”
- Yompact. It refers to happiness to enjoy the road. How much time do staff spend worrying about their personal finances, the study reveals that women care less.
- EITHERoptimize. Know how I am investing my money. “The study indicates that the 43% of people who save do not have their money in an investment account, what today is a great opportunity”.
- No.eutralize. Be protected against any eventuality, have reserves. The reserve is essential to avoid falling into debtand only 1 in three of those surveyed do not have a reservation.
Highlights in the report
Within the study that was based on the answer to 30 questions, it was shown that, within financial concerns, retirement is the issue that worries workers the most, the 53.50% expressed it in the digital questionnaire.
This also indicates that 7 out of 10 workers do not know how much they are saving for their retirement and only 29.45% affirm that they are saving in additional instruments to those of the law for this stage of life.
Finally, it is indicated that, of the total number of respondents, the 75.75% do not have defined financial objectives and 29.66% do not have any reserve for eventualities. In addition, only 19.33% of the collaborators save using the benefits that their company offers them, in which the savings bank predominates with 12.98 percent.
