In a heartening turn of events, Mexico has witnessed a significant reduction in its poverty rates over the span of two years. The National Council for the Evaluation of Social Development Policy (Coneval) reports a remarkable decline of 8.9 million Mexicans living in poverty from 2020 to 2022.
This encouraging trend is attributed to a mix of factors including increased minimum wages, effective social programs, and a burgeoning economy recovering from pandemic-induced challenges. President López Obrador expressed satisfaction, stating that the reduction in poverty reflects the success of his administration’s dedication to prioritize the well-being of the underprivileged.”
