“The Mexican government on Friday said that for the first time in history, more Mexicans are categorized as middle class than as living in poverty.

Jesús Ramírez, director of President Claudia Sheinbaum’s Council of Advisers, also said that based on World Bank data the Mexican middle class grew by more than 12 percentage points between 2018 and 2024.

‘These figures coincide with [our own] data indicating a reduction in poverty,’ Ramírez said, referencing the August national statistics agency [INEGI] report that poverty was reduced from 41.9% of the population in 2018 to 29.6% by last year.

The August INEGI report found that the number of Mexicans living in poverty declined from 51.9 million in 2018 to 38.5 million in 2024.”

From Mexico News Daily.