Flow of migrant money to Mexico stalls – A dragging U.S. economy and a campaign against undocumented workers are key reasons why Mexican migrants’ remittances home have leveled off.
Tagged: Mexico, remittancePosted on: November 27th, 2007
For years, millions of Mexican migrants working in the United States have sent money back home to villages like this one, money that allows families to pay medical bills and school fees, build houses and buy clothes or, if they save enough, maybe start a tiny business.
But after years of strong increases, the amount of migrant money flowing to Mexico has stagnated. From 2000 to 2006, these remittances grew to nearly $24 billion a year from $6.6 billion, increasing more than 20 percent some years. In 2007, the increase so far has been less than 2 percent.”*
Curation from Tomás
Filed Under: 1. Hispanic News, Immigration, Top Stories
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