Mexicans Are Leaving the US and Taking Their Money with Them Roberto A. Ferdman - Quartz
go to original November 19, 2013

Mexicans aren’t feeling the love from their friends and family living abroad.

Remittances to Mexico have fallen by 29% since 2006, according to a report released by Pew Research and based on World Bank data. This bucks the trend for the rest of Latin America, where remittances have recovered after dropping during the recession.

The dwindling cash flow is heavily tied to the US economic slump. US residents are responsible for 98% of remittances to Mexico, according to the report. When the financial crisis hit, a handful of affected industries like construction that lean on Mexican immigrant labor dragged on the cash flowing back to Mexico.

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