Up to 10 Billion dollars is sent back to Mexico annually
(according to the PEW Hispanic Center) and is only increasing dramatically each year
Remittances

$60 billion dollars are earned by illegal aliens in the U.S. each year. One of Mexico's largest revenue streams (after exports and oil sales) consists of money sent home by legal immigrants and illegal aliens working in the U.S. Economists say this will help Mexico reduce its $17.8 billion defecit and may bolster the peso. $10 billion dollars (as of 2003) are sent back to Mexico annually, according to the Pew Hispanic Center, reported in an Associated Press article, up $800 million from the previous year. ($9 billion dollars were previously sent back annually, according to a September 25, 2002 NPR report). That figure equals what Mexico earns annually from tourism. This is a massive transfer of wealth from America - essentially from America's displaced working poor - to Mexico.

A May 28, 2004 study by Bendixen & Associates6 found that legal and illegal immigrants send a total of $30 billion to their home countries on an annual basis. Mexico receives $13.3 billion a year. The largest amount in remittances ($9.6 billion) is sent from California, followed by New York ($3.6 billion), Texas ($3.2 billion) and Florida ($2.5 billion). Of those surveyed by the study, 24% were Latin American-born U.S. citizens, 39% were legal residents, and 32% were illegal aliens. Sixty-one per cent of those surveyed send remittances overseas at least once a month. A typical remittance is between $150 and $250.

Immediately related elementsHow this works
-
Argumentation and Debate - 62242 »Argumentation and Debate - 62242
Eric Fletcher »Eric Fletcher
Border Security Debate »Border Security Debate
The United States Should Increase Security Along the Southern Border »The United States Should Increase Security Along the Southern Border
We need to put an end to the relentless flow of immigrants... »We need to put an end to the relentless flow of immigrants...
The plan would help decrease violence and get our econ back on track »The plan would help decrease violence and get our econ back on track
By putting a stop to the flow of illegal immigrants,... »By putting a stop to the flow of illegal immigrants,...
Up to 10 Billion dollars is sent back to Mexico annually
That is 10 billion dollars we lose each year and will never see again »That is 10 billion dollars we lose each year and will never see again
+Kommentare (0)
+Verweise (0)
+About