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Remittances to Latin America on the Rise

Money Transfer To Mexico and Beyond

Many U.S. immigrants from Latin America send money and portions of their income back to their families. In 2011, the 54 percent of Spanish speaking immigrants who send money home sent $53.1 billion in remittances – more than 8 times the official federal aid. That all occurred while America found itself still struggling with recession difficulties. (During the U.S. housing crisis in 2008, remittances went down.) Continue reading Remittances to Latin America on the Rise