Tag Archives: mexico

Remittances to Mexico Rise 4.9% in Q1

Possible Reasons for Rise in Money Remittance to Mexico

Remittances sent to Mexico have been rising steadily over the past few years, according to some encouraging new studies. This past quarter in the first part of 2015 saw roughly $5.7 billion in money remittance to Mexico, which is a 4.9% increase from the same fiscal period last year. The rise in remittance, some experts say, indicates good things about the quality of life in Mexico in 2015. That said, although the Inter-American Development Bank argues that these findings suggest that Mexico’s economy is improving, other facts point to an opposite narrative. Continue reading Remittances to Mexico Rise 4.9% in Q1

The Benefits of Remittances in Developing Countries

Sending Money to the Philippines, Mexico, India, and beyond

Millions of U.S. immigrants work ferociously hard every day. They engage in this labor in part to be able to send money home to help loved ones pay bills and live a better life. These remittance payments don’t just provide benefits for friends and family members who receive them; they help fuel whole economies! Continue reading The Benefits of Remittances in Developing Countries

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