Financial Behavior of Elderly Microentrepreneurs
Financial Behavior of Elderly Microentrepreneurs
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DOI: https://doi.org/10.22533/at.ed.5584222403076
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Palavras-chave: Manejo Financiero, Microempresarios, Tercera Edad.
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Keywords: Financial Management, Microentrepreneurs, Seniors.
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Abstract:
This document represents the beginning of an investigation into the financial management that prevails in elderly microentrepreneurs in the State of Querétaro. This segment of the population is increasingly important in economic activity, given the change in the population growth pyramid in Mexico and, however, it is one of the least studied. This document aims to investigate the level of knowledge that these microentrepreneurs have about basic financial aspects and the management they give to the financial resources generated in their business activity. To understand these aspects, 436 formal and informal microentrepreneurs, aged 60 or over, from some municipalities in the State of Querétaro were surveyed. Some outstanding results found in this research are: that a low percentage of the microentrepreneurs surveyed have knowledge of basic financial concepts, that their income/savings proportion is marginal given that there is great distrust or ignorance of the formal financial system and, finally, the No support from municipal and state agencies to improve the conditions of their business.
- Miguel Ángel Viramontes Romero
- Patricia Ducoing Rodriguez
- Yadira Rodríguez Sierra