75 Percent of Mexico's Seniors Are Without a Pension
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August 30, 2016
Benito Hernandez and his wife Maria de Jesus sit outside their home in the Tepito neighborhood in Mexico City on National Senior's Day (EFE)
A new academic study revealed that only 25 percent of Mexico's senior population counts on a retirement pension, with the remainder continuing to work or relying on family or community support to survive.
The study was carried out by Veronica Montes de Oca from the Institute for Social Investigation and Marissa Vivaldo Martinez from the Zaragoza Faculty of Higher Studies at the National Autonomous University of Mexico and was unveiled on National Senior's Day, which was celebrated Sunday.
Montes de Oca said that even among those collecting a pension, many work “until the body gives out” as the money is insufficient to meet their needs. She added that many work in the informal economy or in low-skill sectors.
Read the rest at teleSUR
Related: Even Mexico's Prostitutes Deserve a Retirement Plan (West)
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