Mexico’s remittances – the money migrants send home to their relatives – have soared in the past two years and are now expected to top US$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 fuelled in part by the United States government’s pandemic support payments?
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