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Barbara Anderson

For Biden too, migrants are living heroes

Only 17 out of every $100 earned by migrants returns to our country in remittances. Not only should AMLO be grateful for the enormous contribution of Mexicans to the U.S. economy, his president should be too.
For Biden too, migrants are living heroes
By Barbara Anderson

The data and the reaction has been repeated for 32 consecutive months: Banco de México announces that the amount of remittances has increased and President López Obrador dedicates a warm message of thanks to them for their contribution to the Mexican economy. No wonder, during 2022, the income from remittances from abroad broke another record, reaching 58,497 million dollars. Of this total, 95.5% came from the United States (55,863 million dollars).

The year-over-year increase was 13.4%, about the same as the increase in migrants' incomes on the other side of the border.

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