Fewer Mexican Immigrants Are Sending Money Back Home, Bank Says

“This year a smaller percentage of Mexican immigrants in the United States sent money back to their homeland than in 2006, according to a report released yesterday by the Inter-American Development Bank. The bank said the reduction had left at least two million people in Mexico without the same financial help they had once received.

Bank officials, pointing to a survey of Mexican immigrants in the report, said the decline reflected a rising sense of insecurity and uncertainty about whether they would stay in the United States. Anticipating a possible move back to Mexico, these immigrants appear to be saving more.”

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