Fewer Mexican Immigrants Are Sending Money Back Home, Bank..

August 9, 2007
Fewer Mexican Immigrants Are Sending Money Back Home, Bank Says
By JULIA PRESTON
This year a smaller percentage of Mexican immigrants in the United States sent money back to their homeland than in 2006, according to a report released yesterday by the Inter-American Development Bank. The bank said the reduction had left at least two million people in Mexico without the same financial help they had once received.

Bank officials, pointing to a survey of Mexican immigrants in the report, said the decline reflected a rising sense of insecurity and uncertainty about whether they would stay in the United States. Anticipating a possible move back to Mexico, these immigrants appear to be saving more.

“They have decided because of the uncertainty of the future that they need to step back and save a bit,â€

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Remittances to Mexico have become vital to the economics of the country’s poorest regions, bank officials said. The money pays for drinking-water systems, roads, care for older people and other needs in villages and working-class neighborhoods.

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They shouldn't get any remittances from stolen American jobs.

They need to pay for their own social programs and pay more than just 10 percent of Mexico's finances on the poor. They have money and resources. They choose greed rather than better their country and people.