Educación financiera y la gestión del crédito en los hogares mexicanos

Financial education and the mexican household credit management

Luís Augusto Chávez Maza () and Ariadna Hernández Rivera ()

Estudios Economicos, 2023, vol. 040 (Nueva Serie), issue 81, 191-222

Abstract: This paper discusses the financial education and over-indebtedness relationship. For this, the main formal and informal credit instruments were identified for the Mexican population, showing credit cards and relatives or friends’ loans as the primary sources, respectively. A multinomial logit model was estimated, which evidenced that the high-income urban population has higher financial education and formal credit access. Nonetheless, people with formal credit and high financial education have financial problems. Especially, credit card users overused this instrument, generating over-indebtedness. We concluded that financial education does not imply a stable financial management

Keywords: educación financiera; sobreendeudamiento; crédito formal; crédito informal; financial education; over-indebtedness; formal credit; informal credit (search for similar items in EconPapers)
JEL-codes: A29 D14 G41 G51 G53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:40:y:2023:i:81:p:197-222

DOI: 10.52292/j.estudecon.2023.3411

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