Sonny Clark
Diamond Member
- Dec 12, 2014
- 51,089
- 5,935
Mexico remittances: I send money home to Mexico to support family
I send money home to Mexico to support my family
March 20, 2017
Dalia Maldonado is considered a life saver by her family and friends in Mexico.
She paid for her father Francisco's knee surgeries. She pitched in $400 for her friend Esmeralda's leukemia treatment. And she regularly helps pay for food and bills for her parents and relatives.
But Maldonado is not with them in Sonora, Mexico. She sends about $250 home every month from Menifee, California, where she works in real estate, earning about $35,000 a year. Her parents have a combined income of $20,000 in Mexico.
The cash Maldonado sends home is called a remittance, which has become Mexico's biggest source of foreign revenue.
Last year, Mexico received $27 billion in remittances -- a record high and far more than what the country got from its oil exports, $18.7 billion, according to Mexico's central bank. The vast majority of remittances sent to Mexico come from the U.S. and they support millions of low-income families in Mexico.
I send money home to Mexico to support my family
March 20, 2017
Dalia Maldonado is considered a life saver by her family and friends in Mexico.
She paid for her father Francisco's knee surgeries. She pitched in $400 for her friend Esmeralda's leukemia treatment. And she regularly helps pay for food and bills for her parents and relatives.
But Maldonado is not with them in Sonora, Mexico. She sends about $250 home every month from Menifee, California, where she works in real estate, earning about $35,000 a year. Her parents have a combined income of $20,000 in Mexico.
The cash Maldonado sends home is called a remittance, which has become Mexico's biggest source of foreign revenue.
Last year, Mexico received $27 billion in remittances -- a record high and far more than what the country got from its oil exports, $18.7 billion, according to Mexico's central bank. The vast majority of remittances sent to Mexico come from the U.S. and they support millions of low-income families in Mexico.