Immigration News Blog
Monday, September 17, 2007
2006 Remittances to Mexico flat – housing downturn in U.S.?2006 Remittances to Mexico flat – housing downturn in U.S.?
By Peter Rousmaniere
According to the Migration Policy Institute, remittances to the U.S. were flat in 2006 compared to rapid growth in prior years. The report estimates that remittances were $24.5 billion. The report, like other I posted before, does not break out funds from the U.S., which must be the large majority. The housing turndown in the U.S., which began in 2006, may be the cause of the flat results.
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