Mexicans living in U.S. sending less money home

[Judi Lynn]

Source: McClatchy Newspapers

Mexicans living in U.S. sending less money home
By Jay Root and Constanza Morales
McClatchy Newspapers
Monday, June 16, 2008

UCACUARO, Mexico — More than a decade has passed since Petra Chavolla's children began leaving. Like most kids from this impoverished patch of the Mexican state of Michoacan, they followed friends and relatives to Texas, where jobs and a better future awaited.

But she knew times had changed this past Mother's Day. Instead of the extra cash she almost always received from her children, she got a phone call.

Hit by hard economic times, rising gas and food prices, and a dwindling number of jobs for undocumented workers, Chavolla's children in Fort Worth, said they couldn't scrape together any extra money this time.

"I could tell they wanted to cry," said Chavolla, 62, fighting back tears herself. "I told them, If you can't, well, you just can't.' "

The challenges the Chavollas face tell of a looming financial crisis that reaches across Mexico, where families who depend on money sent from relatives in the United States — called remittances — are opening up lighter envelopes or waiting longer to get them.




Read more: http://www.venturacountystar.com/news/2008/jun/16/mexicans-living-in-us-sending-less-money-home/

[Xenotime]

1. All part of * spreading "good will" to our international community

[snappyturtle]

2. I don't mean to sound rude but is this recount supposed to shock us?

Immigration is like a marriage "for better of worse". This story is yet ANOTHER in a long list proving the country is in economic trouble, so what? Again, I don't mean to be rude.

edit: What is the purpose of this article from Mexico? Is it a warning to prospective immigrants? Funny there is any concern at all. After all, Mexico failed the immigrants in the first place.

[nadinbrzezinski]

5. Free clue, for Mexico this is a HUGE part of its GNP

not shitting you.

So that will help to SPEED up people fleeing to El Norte

[KansDem]

3. Breaking: Americans living in U.S. seeing less money at home.

Food up, gas up, health care up...up and up and up....

[Texano78704]

4. Workers send home record amount of remittances to El Salvador

Kind a strange situation...

AP
Posted: 2008-06-13 21:22:19
SAN SALVADOR, El Salvador (AP) - El Salvador says Salvadorans working abroad sent home a record amount of money in remittances in the first five months of the year. The country's central bank says remittances were up by almost 6 percent in the January-May period, as compared to the same period of 2007.

The banks said in a report Friday that remittances totaled $1.6 billion, the highest amount on record, compared to about $1.51 billion in 2007. Remittances have been falling in Mexico. One possible difference is the temporary protected status some Salvadorans have in the United States.

About 10 percent of the 2.5 million Salvadorans living in the U.S. were given the protected status after their country suffered a series of earthquakes.

http://money.aol.com/news/articles/_a/workers-send-home-record-amount-of/n20080613212209990006

[NightWatcher]

6. how long before some start returning to a better economy in Mexico?

[nadinbrzezinski]

7. You are kidding me right? If we get a cold they get pneumonia

NAFTA has been such a resounding success :sarcasm:

No serious, the economy down there is not good, hasn't for years