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Home»News»Business»Marketing»“For not trusting banks”, a young man loses his savings by burying them

“For not trusting banks”, a young man loses his savings by burying them

Aurora WritesBy Aurora WritesMarch 4, 2023No Comments3 Mins Read
“For not trusting banks”, a young man loses his savings by burying them
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    1 It is estimated that only a figure close to 25 million people actively save within a banking institution.
    2 On average, just over 49.1 percent of the population between the ages of 18 and 70 has at least one account within an institution of this type.
    3 In countries like Mexico, saving in piggy banks or under the mattress turns out to be one of the most common financial activities.
    4 “For not trusting banks”, a young man loses his savings by burying them

    It is estimated that only a figure close to 25 million people actively save within a banking institution.

  • On average, just over 49.1 percent of the population between the ages of 18 and 70 has at least one account within an institution of this type.

  • In countries like Mexico, saving in piggy banks or under the mattress turns out to be one of the most common financial activities.

Saving is not always an easy task, this if one takes into account the impact of the global economy, financial emergencies, the procedures of traditional banks, the distrust of neo-banks and misinformation, an aspect for which some people choose to save traditionally cplacing their money inside containers, under the mattress or even burying it, as shown by a network user, who explained how their savings were “lost” after burying it for a few months and not keeping it inside the banks.

The culture of savings within the national territory still faces various problems, It is estimated that currently only 25 million people, just over 35.5 percent of the adult population, save through financial institutions, being the payroll account and the savings account, the most requested services, with just over 60.5 percent and 46.6 percent respectively.

Data provided by the National Survey of Financial Inclusion (ENIF), point out that until the beginning of last year, just over 41.1 million people between the ages of 18 and 70 had at least one formal savings account, a figure that represents just over 49.1 percent of the population in that range. old.

Read:  Keys to be a relevant brand in the digital age

However, it is now that this figure is expected to increase considerably, since the arrival of Neobanks has had a great growth, so much so that there are various institutions that have begun to have a great impact within the economy, especially among younger, this thanks to the reduction of bureaucratic aspects and common complications of traditional banks, being the ones with the most representation in Mexico the following.

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“For not trusting banks”, a young man loses his savings by burying them

However, although at present the opportunities to integrate into a banking aspect have increased thanks to the growing number of traditional and digital banks, these continue to be a challenge for Mexicans, who today are more committed to saving in a traditional way, either collecting cash in a piggy bank, a container, under the mattress or even burying it, a tactic that did not turn out entirely well, as can be seen in a short video, in which it looks like in a couple of months, a considerable amount of cash was heavily damaged from being buried.

@jerry_rico92 Response to @marro135 will keep waiting🥲🤦🏻 #pyf #viral #for you #foryoupage #iphone14 ♬ original sound – Ángel ortega

According to what the content creator has announced, the savings occurred months after the arrival of February 14, the date on which he intended to use the cash to buy an iPhone 14 as a gift, which at the time of This writing has a cost that goes from 21,000 pesos to 30,000, depending on the model and characteristics, savings that were damaged by not trusting the banks.

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