Legal and illegal migrants sent $53.4 billion in remittances back to Mexico and Central America in 2018, or more than double the cost of building a border barrier on the U.S.-Mexico border, according to a World Bank report.
Remittances to Mexico reached $33.7 billion in 2018, up 21 percent from roughly $27.8 billion in 2016, the bank reported.
Remittances from the three Central Americans countries are being spiked by the growing inflow of asylum-seeking migrants into blue-collar jobs throughout the U.S. economy, via the border’s catch-and-release laws. The outflow to Central America rose to $19.7 billion in 2018, up from $15.8 billion in 2016, according to the bank. READ MORE