A new report on migration from Guatemala to the U.S. reveals several noteworthy statistics: COVID notwithstanding, cash remittances from Guatemala’s diaspora jumped to a record $15.3 billion last year. At $4.2 million per day, these personal wire trans…
remittances
Mexicans living in the United States are on pace to send more than $50 billion in remittances to people still living in Mexico, according to data from the World Bank and Bank of Mexico. Border Report noted that this is a record amount of money sent bac…
Nearly 20 months into the COVID pandemic that has slammed the global economy, immigrants are sending more cash than ever back home to Central America. Remittances to Mexico — almost entirely from legal and illegal Mexican immigrants living in the…
Despite a flattening immigration curve, Mexican immigrants in the United States are sending record amounts of money south of the border. Remittances to Mexico are on a historic run in 2020. According to the latest reports, the $3.53 billion sent home i…
Despite a flattening immigration curve, Mexican immigrants in the United States are sending record amounts of money south of the border. Remittances to Mexico are on a historic run in 2020. According to the latest reports, the $3.53 billion sent home i…
Defying predictions, funds sent by U.S.-based immigrants to Mexico set records as COVID-19 began scourging the Americas. Remittances soared to the highest and second highest levels on record in March and May. April wasn’t too shabby either. Even as U.S…
The world remains in the throes of a viral pandemic, but the World Bank is looking ahead. In an article titled,“Remittances in Times of the Coronavirus – Keep Them Flowing,” the World Bank reports that the global network of cash transfers from migrant …
The U.S. economy is harmed by substantial amounts of money sent abroad in the form of remittances: Money that is earned but not spent in the United States. There are about 45 million foreign-born individuals currently living in the U.S. and roughly $1…