FAST FACT: $ 23 BILLION DOLLARS SENT BACK TO MEXICO IN 2006

That is $23 billion dollars that did not go through the U.S. economy…but don’t worry, Mexicans are just looking for a better life.

$23 billion sent to Mexico in ’06

Record total attributed to more migration, cheaper sending costs

January 31, 2007
By DIANNE SOLÍS and LAURENCE ILIFF / The Dallas Morning News

The amount of money that Mexican immigrants sent back to their homeland hit a record $23 billion in 2006 – suggesting a greater number of workers are sending more money home.

Immigration experts attributed last year’s 15 percent rise to multiple factors, including increased migration, more generosity by immigrants and cheaper sending costs.

It was the fifth straight year that remittances have risen between 15 and 25 percent.

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