Mexican migrants sent record $36B in remittances in 2019

[rangerrebew]

Mexican migrants sent record $36B in remittances in 2019
By Chris Massaro | Fox News

 

Instability in Mexico and Latin America drove a wave of migrant workers to send a record amount of remittances to their home countries in 2019. Mexico’s Central Bank reported that Mexican migrants working overseas sent home a record-high $36 billion in remittances in 2019, a 7 percent increase from 2018.

According to a study from the Inter-American Dialogue, between 2016 and 2017, remittances to Mexico increased by 12 percent, a sharp rise from previous years.

States with the largest population of Mexican-born immigrants rank highest in remittance transfers. The states with the highest transfers include California ($8.84 billion), Texas ($4.3 billion), Illinois ($1.4 billion), New York ($1.8 billion), Florida ($1.15 billion), and Georgia ($1.0 billion). California accounted for nearly 29 percent of the total remittances to Mexico from 2014 to 2017. During this same time period, the percentage of the Mexican-born population in the U.S. dropped slightly by 1.3 percent while remittances spiked to nearly 8 percent.

https://www.foxnews.com/world/mexican-migrants-sent-record-36b-in-remittances-in-2019

[Fishrrman]

Why aren't we putting some kind of "severance tax" on the exportation of these funds ???

12% sounds about right to me.

[darroll]

Then when they are broke, they can get welfare.

[GtHawk]

Hey, it's cool, sure they sent 36 billion out of the American economy to Mexico but look on the bright side they're using it to by us more migrants.