Mexican Migrants Sending Less Money Home
 United Press International
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| | For decades, Mexican migrants working in the United States sent money home for clothing, shelter, food, medicine and more. |
Los Angeles - A weaker U.S. economy and increased enforcement against illegal immigrants means less money is flowing south to poor families in Mexico.
"There are some 500,000 families who arent receiving this year," Donald F. Terry, of the Inter-American Development Bank, told The New York Times.
For decades, Mexican migrants working in the United States sent money home for clothing, shelter, food, medicine and more. From 2000 to 2006, remittances to Mexican families rose to nearly $24 billion a year from $6.6 billion, rising more than 20 percent in some years. In 2007, the increase has been less than 2 percent, the Times reported.
In the rest of the world, such remittances have increased as much as 10 percent this year, Terry said.
The shaky U.S. economy and the stepped up campaign against illegal workers have convinced some migrants not to try to cross the border to look for work, Terry said. Others have returned to Mexico while many of those remaining in the United States are sending less money home, he said. |
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Business News | October 2007 
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