Search

Vatican News
A Mexican immigrant farm worker in Salinas, California A Mexican immigrant farm worker in Salinas, California  (2020 Getty Images)

Remittances to Mexico from workers in US surge in March

Mexicans living and working in the United States are vitally bolstering Mexico’s hard-hit economy, sending home unprecedented quantities of cash.

By James Blears

The Covid-19 pandemic has slumped petroleum prices and sunk tourism revenue throughout Mexico.

Yet, money sent home by Mexicans living abroad - principally from the economic powerhouse of the United States - legally and illegally, is surging in order to compensate for that crippling double whammy.

In March, Mexican migrants sent home 4.02 billion dollars. That's nearly thirty-six percent more than the corresponding month last year. 

Mexican migrants who recognize and are catering to the hike of desperate need for resources are still able to meet those needs. Most earn their money by working outside in the fresh air, within the construction and agricultural industries.

Lifeline sent home

 

They faithfully send home remittances - or lifelines - which often prove essential. Whereas the giant US economy will catch a metaphorical cold, their southern neighbors risk perishing from economic pneumonia. 

Coming through like this is brave and resolute, because many Mexican migrants, both documented and illegal, are based in New York. 

The major US city and its surrounding areas currently make up the epicenter of the coronavirus pandemic within the United States.

06 May 2020, 12:31