US Remittances To Mexico Drops Most In Over A Decade

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Remittances from the US to Mexico dropped sharply in April.

According to Bank of Mexico data, Mexican families received $4.78 billion in remittances in April, a $380 million drop from March and down 12.1% from April 2024.

Human events reported:

Money sent home by Mexican workers abroad dropped sharply in April, making this third straight monthly decline and raising concerns over a proposed US tax that could further reduce this vital income stream.

Data released by the Bank of Mexico this week shows that Mexican families received $4.76 billion in remittances in April—a $380 million drop from March’s total of $5.14 billion. Compared to April 2024, this is a

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