"Mexico's Poverty Rate Drops by 6.5% in Four Years as Remittances Soar"

Mexico's poverty rate has decreased from 49.9% in 2018 to 43.5% in 2022, with 5.7 million fewer people living below the poverty line. President Andrés Manuel López Obrador's increase in the minimum wage and the rise in remittances, which almost doubled from $33.5 billion in 2018 to $60 billion in 2023, have contributed to this decline. However, extreme poverty and money problems related to healthcare have increased slightly. The effectiveness of government programs in helping the poorest Mexicans remains uncertain.