Mexico and My Money: What you told us about your personal finance habits and hang-ups

Thank you to the 680 individuals who participated in the Mexico News Daily's "Mexico and My Money" survey. The survey was conducted to gain insights into the financial habits and concerns of foreigners living in Mexico. After analyzing the data, we present the following key findings.

Nearly 44% of respondents have been living in Mexico for a decade or longer, while 56% have been here for a decade or less. The majority of respondents (79%) are retirees, while the remaining participants (70% and 10%) are either full-time or part-time residents.

When it comes to banking, a significant 79% of respondents own their primary home in Mexico, and 23.5% believe their money is "very safe" in banks. Federal Finance Minister Édgar Amador Zamora's reassurance following accusations of money laundering may have played a role in the perception of financial safety.

Despite the concern, only 5% of respondents consider their money "unsafe" or "very unsafe" in Mexican banks. Over 70% of respondents don't have a Mexican credit card, and many prefer using credit cards issued by banks in their home countries. This could be attributed to higher interest rates on Mexican credit cards.

Investment-wise, 79% of respondents have invested in real estate, stocks, bonds or a business in Mexico, with purchasing a home being the most popular investment. Almost 83% have not experienced financial difficulties with contractors or service providers in Mexico, and 82% have not been victims of financial crimes in the country.

Rising prices in Mexico have negatively impacted the lifestyles of 38% of respondents, but the remaining 62% have not experienced any adverse effects.