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The Independent UK
The Independent UK
National
Via AP news wire

Mexico's remittances pass $50 billion, surge during pandemic

Copyright 2022 The Associated Press. All rights reserved.

Mexico’s remittances — the money migrants send home to their relatives — have soared in the past two years, and are now expected to top $50 billion for the first time once 2021's figures are added up. That would surpass almost all other sources of Mexico's foreign income.

But as happy as the Mexican government is about the news — it calls the migrants “heroes” — the boom raises questions: Will Mexicans always have to emigrate? And is it sustainable, or just blip fueled in part by U.S. government pandemic support payments?

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