View Full Version : Migrantsí Remittances to Mexico, Central America Jump to $53 Billion in 2018

01-03-2019, 05:20 PM
Legal and illegal migrants sent $53.4 billion in remittances back to Mexico and Central America in 2018, or more than double the cost of building a border barrier on the U.S.-Mexico border, according to a World Bank report.

Remittances to Mexico reached $33.7 billion in 2018, up 21 percent from roughly $27.8 billion in 2016, the bank reported.

Remittances from the three Central Americans countries are being spiked by the growing inflow of asylum-seeking migrants into blue-collar jobs throughout the U.S. economy, via the borderís catch-and-release laws. The outflow to Central America rose to $19.7 billion in 2018, up from $15.8 billion in 2016, according to the bank.


Dlr Pyro
01-03-2019, 05:27 PM
This is where President Trump should concentrate on getting funding for the wall. Place a 4% tax on all remittances to mexico and direct 100% that revenue stream (a phrase the politicians love to use when referring to money received from a tax) to funding the wall.