Support for LAist comes from
We Explain L.A.
Stay Connected

Share This

News

LA's Immigrants Feel The Pressure of Sending Money to Home Countries

5ea0ae52f4671c00088b40bd-eight.jpg
Experts are already predicting a significant drop in remittances from the U.S. to Mexico due to coronavirus. (Chris Ratcliffe/Getty Images)
Before you read more...
Dear reader, we're asking you to help us keep local news available for all. Your tax-deductible financial support keeps our stories free to read, instead of hidden behind paywalls. We believe when reliable local reporting is widely available, the entire community benefits. Thank you for investing in your neighborhood.

The economy has taken a big hit since the COVID-19 crisis began—forcing many L.A. immigrant workers to make tough decisions, including whether to pay bills here or send money back to their home countries.

Last year, U.S. immigrant workers sent around $150 billion overseas — $36 billion of it to Mexico.

That’s rapidly changing, though. Experts expect to see a large drop in remittances to workers’ home countries, likely affecting millions of households abroad who depend on remittances.

READ MORE:

Support for LAist comes from

Pandemic's Economic Impact Hits LA Immigrants — And Their Families Abroad