Results 1 to 3 of 3

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

  1. #1
    Senior Member Brian503a's Avatar
    Join Date
    May 2005
    Location
    California or ground zero of the invasion
    Posts
    16,029

    Mexicans sending more money home

    money.cnn.com

    Mexicans sending more money home
    The remittances, mainly from those living in the U.S., are nearing a record $20B for the year.

    August 1, 2005: 5:12 PM EDT

    MEXICO CITY (Reuters) - Money sent home by Mexicans living abroad, mainly in the United States, increased nearly 18 percent in the first six months of this year compared with the same period in 2004, the central bank said Monday.

    The bank said remittances reached $9.3 billion between January and June and appear to be heading for a new record of $20 billion this year following last year's record $16.6 billion.

    The remittances have helped underpin Mexico's economy and are the main source of income in many poor areas. Around one in five Mexicans receives money from a relative working in the United States.

    Remittances to Latin America and the Caribbean have doubled in the past five years as the number of migrant workers grows and they gain better access to education and higher-paying jobs.

    The Mexican government says there are nearly 10.2 million Mexicans living in the United States and another 16 million there who are descended from Mexican origin.

    Migrants are making more electronic money transfers, with the total up 21 percent for the first six months of the year. The average remittance during the period dropped, however, to $333 from $400 last year.
    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn

  2. #2
    Senior Member MopheadBlue's Avatar
    Join Date
    May 2005
    Posts
    1,273
    I heard from a friend of a store in a strip shopping center going by the name of "GreenGo."

    That's pretty self-explanatory.

    Located right by the Mexican grocery.

  3. #3
    Senior Member Judy's Avatar
    Join Date
    Aug 2005
    Posts
    55,883

    Re: Mexicans sending more money home

    Migrants are making more electronic money transfers, with the total up 21 percent for the first six months of the year. The average remittance during the period dropped, however, to $333 from $400 last year.
    Yeah....it's plateaued. Now they're flooding their own illegal labor market.

    A Nation Without Borders Is Not A Nation - Ronald Reagan
    Save America, Deport Congress! - Judy

    Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at https://eepurl.com/cktGTn

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •