"Remittances from the U.S. to Mexico in 2023 were around $63.3 billion, or about 3.5 percent of Mexico's total GDP. Most of that money makes it way to some of the poorest regions of Mexico, Bledsoe said, which research from the non-partisan Migration Policy Institute (MPI) think tank supports.
"For families in low- to middle-income countries who receive remittances from the United States, for instance, remittances are a lifeline that allows people to pay for utilities, services, and everyday expenses that they would otherwise not be able to afford," Ariel G Ruiz Soto, a senior policy analyst at MPI, told Newsweek....
...The data from the World Bank covers worldwide payments, meaning not all that money came from the U.S. — though in cases like Mexico, remittances from the U.S. make up the vast bulk of the total. Americans living overseas who send back money home also count in the data. The U.S. received around $7.7 billion in remittances in 2023."
Awesome. I'm starting to see why you hate Mexicans so much, Terry. It's all about the money, amirite?
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