Decrease in Checks Sent from US Home to Mexico Laurel Morales - Fronteras Desk
go to original August 23, 2013

A report out last month said remittances from workers in the United States to families back in Mexico are down. In fact, Mexico has fallen from third to fourth place in remittance income behind China, India and now the Philippines.

The study, by BBVA Research (PDF), suggests that when immigration employment is low and the exchange rate from dollars to pesos is unfavorable, the remittance income also drops.

After the recent economic crisis in the U.S. fewer people came north for work. As the economy recovers more people are returning, but there’s a demand for highly skilled workers.

... The Mexican Migration Outlook speculates in this new chapter of immigration, fewer people from Mexico will cross the border — with or without documents — and more highly skilled Mexican immigrants will move to the U.S. Immigration reform encourages that scenario.

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