41% of Colombians only have income to survive, according to study

Four out of ten Colombians only receive income that covers the expenses necessary to survive and more than half are behind in their financial obligations, according to a study on financial well-being in Colombia Posted this Wednesday.

LOOK: Colombia reports the deadliest day for COVID-19 in the last 5 months

41% of people declare that they only have a fair income for their survival and 41.2% say they are worried or very worried because the money is not enough.

• The “mistakes” that Jhonier Leal made at the crime scene of his brother and his mother in the case that shocks Colombia
• Step by step of how Jhonier Leal murdered his brother, the famous stylist Mauricio Leal, and his mother
• What is known about the case of Mauricio Leal, the “hairdresser of the stars” who was murdered by his brother in Colombia

This is how it is rescued from the study “Online transactions and financial well-being in Colombia”, based on a survey of 3,721 adults carried out by Banca de las Oportunidades, a program of the Colombian Government for financial inclusion.

The financial well-being index of Colombians, according to this study, is situated, despite these data, at a medium level, with 49.8 on a scale in which 14 is the lowest level and 95 the highest.

In this way, 22.5% of those surveyed could not face an unforeseen expense with their current income and 40.3% assured that giving a gift supposes a “huge burden for their monthly expenses”.

“It stands out that people between 18 and 24 years old and men reach higher levels of financial well-being,” underlines Banca de las Oportunidades. This “financial well-being” also increases for those who have completed school degrees, especially if they have university degrees.

Living in a rural area or not having a family charge also gives greater financial well-being, as do those who carry out financial transactions online.

In this last line, the report ensures that the pandemic reduced by ten percentage points the number of people who prefer to use cash over card or mobile money payments, which before 2020 were at 88.4%.

• Rio de Janeiro deploys police mega-operation to “recover” favela
• Boris Johnson’s six-week-old daughter caught coronavirus and was ‘pretty bad’
• Almagro says that Nicaragua has not given the green light to the OAS mission
• Mexico registers more than 60,000 coronavirus infections in one day, its worst record of the entire pandemic
• “A Disappointing Balance”: What Went Wrong in Joe Biden’s First Year in Government?

.

Deshawn