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Fewer Mexican Immigrants Are Sending Money Back Home, Bank Says
Tagged: MexicoPosted on: August 9th, 2007“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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Filed Under: 1. Hispanic News, Business, Business News, Immigration, Top Stories, Your Money
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