Thread: Remittances from Mexican Immigrant in U.S.

Remittances from Mexican Immigrant Communities in the U.S.: How Are They Perceived in Mexico?
May-12-2008

http://www.hispanicad.com/cgi-bin/news/ ... e_id=24336

A major survey released by the Tomás Rivera Policy Institute (TRPI) gauged Mexican attitudes on the impact of remittances sent by their co-nationals living in the U.S. Remittances are defined as monies earned and sent back to family or other organizations. The TRPI study revealed how positively these remittances from the U.S. to Mexico are perceived. In this groundbreaking study, a nationally representative sample
(N = 1000, error margin +/-3.1%) of Mexican nationals were interviewed to determine the impact of immigrant remittances.

Findings:

• Remittances are part of the fabric of everyday life for many families in Mexico: 32% of the respondents have received one to two remittances in the past year; 35% have received three to five remittances; and 33% have received six or more.

• In the past, Mexican immigrants were sending remittances to family members on a person to person basis. Responses from the study show a trend toward remittance money benefiting beyond familial support. Remittances include support for economic, social and health programs as well as funding for economic development and non- governmental organizations.

• Around one-third of respondents are aware of groups and programs working to extend the productive impact of remittances. 34% indicate some awareness of U.S. based immigrant and Mexican hometown associations that send money back to communities.

• Concerns surrounding the remittance industry are evolving. 51% of respondents said that the most important factor when receiving money from the U.S. is that it arrives securely. For 17%, the most important factor is that the monies arrive on time while 16% stated that collecting the money easily was a factor. 13% cited the cost of the transaction and only 4% mentioned the exchange rate.

• 95% said that there are more choices now than five years ago regarding the number of companies available to receive a remittance.

“Mexicans in remittance receiving communities recognize the value of monies sent by their co-nationals in the U.S. in improving the qualities of Mexican life,â€

Proof enough that that these remittance transfers should be taxed more.

Remittances include support for economic, social and health programs as well as funding for economic development and non- governmental organizations

hmmmmmmmmm......laundering money????????

Tax remittances!!!!!!

One of the Mexican news stations said the figure was $30 Billion just for the first 6 months of 2006. World Bank says 24 BN?

Originally Posted by alipacdude

One of the Mexican news stations said the figure was $30 Billion just for the first 6 months of 2006. World Bank says 24 BN?

I believe the 24 billion is JUST Mexico, there is no mention to the amount of US dollars going elsewhere.

I guess then that the 30 billion in 6 months, is for the whole worlds drain in the US.

[quote]The World Bank estimates that over 24 billion dollars are received by Mexico, accounting for 3% of the country’s GDP.

“The amount of monies these remittances represent is enormous,â€