Mexicans sending less money home from US

A statement from the Banco de Mexico this past month said that Mexicans in the US sent 12.2% less money to family and friends in Mexico. The statement compared the statistic to that of last August. The $1.9 million decline is a direct result from the terrible state of the economy in the United States. Remittances have declined 4% already this year, so the recent staticstic is just following the trend. The state of the economy mirrors the recent increase in unemployment among the Mexican population. Read more about this trend in Mexico here