Leveraged Funds Propel Mexican Peso to Top Currency Position

Mexico's poorest citizens were getting less money under the new administration, while some of the wealthiest were receiving money they didn't really need. This change was mainly due to a big pension program for seniors that the president started in 2019. If more money isn't added to the system, spreading benefits to everyone can make it harder for those who need it the most. This can lead to more inequality compared to targeted programs. In the past, the poorest segment of Mexico's population received about 19% of social spending. Programs like Prospera gave money to poor families based on their income and certain requirements. However, under the new administration, the poorest received less money, and some who didn't need it got more. This shift caused debates about the impact on extreme poverty and informal workers. The president's decision to introduce a universal pension affected how money was distributed among different groups in Mexico. Some people who used to receive more support felt the change, while others who didn't need the money benefited. This led to discussions about the effectiveness of social programs and their impact on poverty levels. Overall, the shift in social spending highlighted the challenges of balancing support for the most vulnerable with ensuring fairness in distributing resources. The debates around these changes reflected the complexities of addressing poverty and inequality in Mexico.