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IPF report finds that Mexico's next generation are optimistic about entrepreneurship
International Personal Finance (IPF) is pleased to announce the findings of its Financial Wellbeing report, a major survey conducted amongst young adults aged 18-75 across IPF’s international markets.1 The report has found that 18-25 year olds in Mexico are more open to the idea of launching their own businesses than the European countries surveyed, with the exception of Romania.
The Financial Wellbeing report found that nearly half (49%) of Mexican respondents would consider starting their own business in the future, compared to 53% of Romanian and an average of 25% of the other European countries surveyed. Additionally, 46% of the young people who took part in the survey commissioned by IPF in Mexico, agreed that they think that their generation is more entrepreneurial than previous generations. The report also found that 40% of respondents in Mexico agreed that access to finance limits their opportunities to be more entrepreneurial.
David Parkinson, Country Manager for IPF Mexico commented: “We have designed our micro-business loans offering, Negocio, with the specific aim of supporting small business owners, so we are excited by the fact that Mexico's next generation are interested in entrepreneurship. This research demonstrates how important access to finance is for starting and running a micro-business.”
As a responsible financial services business IPF believes it is important to understand the habits and requirements of young people in order to support a financially inclusive future. IPF invests in financial literacy programmes throughout all of its markets aimed at supporting young people to make more informed financial decisions.
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1 The IPF Financial Wellbeing report is an online survey commissioned by IPF and run by Ipsos MORI across seven countries. Ipsos MORI interviewed a representative quota sample of 3,500 adults aged 18-25, 500 per each market. A quota sample of adults aged 18 – 25 was interviewed with quotas set by age within gender, geographic region and work/study status. Survey data were weighted to the true population proportions of this audience in each country. The survey was run using an online methodology between 29th March and 15th April 2019.