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LA's Immigrants Feel The Pressure of Sending Money to Home Countries
Experts are already predicting a significant drop in remittances from the U.S. to Mexico due to coronavirus. (Chris Ratcliffe/Getty Images)
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:
Pandemic's Economic Impact Hits LA Immigrants — And Their Families Abroad