Describe the standard of living in Mexico.
Answers
Answer:
Mexico's overall poverty rate is 45.5%, but nearly three-fourths of Mexicans lack at least one of eight basic needs as identified by COEVAL, a Mexican social policy organization. A 2012 survey showed that 41.8 million Mexicans live on less than $177 a month and 11.5 million live on less than $85 a month.
Mexico’s standard of living is higher than average when compared globally, but it is lower than the standard of living in the US and in other developed countries. Mexico is still considered to be “developing,” but it has made significant gains. Some positive changes include improvements in areas such as access to the Internet and computers. According to statistics, the GDP per person is about $13,000, the literacy rate is at 86%, and life expectancy is about 77. About 4% of the population lives on less than $1.25 per day.