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Mexico's emigrants go home to greater prosperity

Tuesday, July 24, 2012

Where remittances from the US were once mostly used to help hungry families back home simply to survive in Mexico, surveys now reveal that the longer a migrant stays up north, the more likely the cash transfers will be used to start new businesses or to pay for homes, farm equipment and school tuitions.

Migration experts expect the northward flow to pick up again as the US economy improves. It is also possible that as Mexico provides more opportunity for upward mobility, some potential migrants will stay home.

Source: Washington Post