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Will infonavit credits rise after the 22% rise in the minimum wage?

After knowing that the minimum wage will increase 22% from next year, there is uncertainty about whether this will harm Mexican workers who pay an Infonavit credit, but fortunately it will not.

According to the Institute of the National Housing Fund for Workers (Infonavit), a proportional increase will not be applied in the credits denominated in Times Minimum Wage (VSM).

By 2022 the minimum wage will be higher than that of 2021, which provides more resources to workers, however, it is believed that there is a negative aspect: that said increase hurts them if they are paying an Infonavit credit called in Times Minimum Wage ( VSM), but do not worry because you will see that it is not like that, “he explained in a statement.

This is because since 2016 it was established that credits will be adjusted with respect to the Measurement and Update Unit (UMA) or the minimum wage, depending on the one that has the least impact on loans.

Since 2016 it has been established that the credits will be adjusted to the increase in the minimum wage or the unit of measurement and updating (UMA), depending on which one has a lesser impact on the credits ”, he added.

It is important to remember that the UMA rose to $ 89.62 in 2021, while the one corresponding to 2022 will be announced in the first days of January by the National Institute of Statistics and Geography (INEGI).

This measure is very favorable for the financial stability of Mexicans, since the loans in VSM could become almost unpayable.

Even the increase to the minimum wage will also provide the advantage of employer contributions, because workers who have not processed your Infonavit credit they could accumulate more savings in the housing subaccount.

With information from Infonavit

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