Underreported: Mexican Remittances in a Bad Economy
Thursday, February 26, 2009
Remittances (money sent home from immigrants) are Mexico's second-largest source of foreign income after oil and they dropped significantly in 2008 for the first time on record. The decline could signal trouble for the Mexican economy, but it also has real impacts on Mexican’s living in the United States. Sam Quinones is a reporter for the Los Angeles Times and the author of Antonio's Gun and Delfino's Dream: True Tales of Mexican Migration. Dr. Robert Smith is associate professor of immigration studies at Baruch College and at CUNY. He is the author of Mexican New York.