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Mexicans in US Sending Less Money Home so Far This Year
17 Articles
17 Articles
Remittance income from abroad stood at $5.201 million in June, an amount that not only resulted in a 16.2 percent reduction compared to the same period last year, but also the largest decline for the same month since registration, according to data published by the Banco de México (BdeM).
Mexicans in US sending less money home so far this year
SAN DIEGO (Border Report) -- For the first half of 2025, Mexicans living in the United States sent less money home than they did during the same time last year. According to Banxico, Mexico's national bank, remittances from the U.S. have fallen by almost 6 percent since January and by more than 16 percent during the month of June when only $5.2 billion was sent back to Mexico. Mexico sees sharpest drop in remittances in 12 years June marke…
Mexico’s Remittances Drop Sharply, Exposing the Country’s Deep Dependence on Migrants’ Dollars
Mexico’s central bank confirmed that money sent home by Mexican workers abroad fell by 16.2% in June 2025 compared to the same month last year. This is the largest decrease in over a decade and the third month in a row that remittances have shrunk. In the first half of 2025, families in Mexico received […]
Last June, the income through family remittances to the country not only added to its third annual rate, but also had its biggest breakdown in 12 years and nine months. Remittance flows totaled $5.201 million during June 2025, representing a 16.21 percent drop from the same year before, a fall only less profound than 19.62 percent in September 2012, according to information from the Bank of Mexico (Banxico). By June, Bloomberg’s consensus had pr…
The hostility of relations between Mexico and the United States has been reflected in the amount of money that Mexicans send to the country. In one year, the sending of remittances has plummeted 16.2% in June 2025 compared to the same month last year, setting itself at 5,201 million dollars at the end of the month, according to the report published this Friday by the Bank of Mexico. Continue reading
In June, remittances sent to our country fell 16.2 percent annually, the biggest drop since September 2012. BBVA Mexico noted that the decrease is mainly due to a lower incorporation of national migrants into the labor market of... Full Note »
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