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Posted on:
October 25th, 2007
Filed Under: Blogante Headlines, Hispanic News, Tomás' Picks, Your Money
Tagged: Mexico, remittance, remittances
Filed Under: Blogante Headlines, Hispanic News, Tomás' Picks, Your Money
Tagged: Mexico, remittance, remittances
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“Villages across Mexico are feeling the twin chills of a faltering economy in the United States and the crackdown there on illegal immigration.
For decades, the migrants who have left these villages have sent money home to their families. But now, some workers are returning to Mexico, unable to find work or fearful they will be caught. Those that remain in the United States are sending less money back.
This year, for the first time since Mexico began keeping records at the beginning of the decade, the money that migrants send back here – collectively known as remittances – has been virtually flat.”*
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