According to multiple reports, the border crisis under President Biden has fueled Mexico’s economy through an increase in illegal immigrants in the U.S. sending money back home.
The money reportedly sent by Mexicans working abroad back home increased from $33.5 billion in 2018 to $60 billion in 2023 after a record number of migrants crossed the southern border.
Reports from the Wilson Center indicated that of all the money arriving in Mexico in 2021, 94.9% came from the U.S.
From The Daily Caller:
In fiscal year 2022, the southern border recorded more than 2.2 million individual encounters, up from around 400,651 encounters recorded in fiscal year 2020, according to U.S. Customs and Border Protection data. At the current rate of crossings, 9.7 million migrants will have crossed into the U.S. during Biden’s time in office, allowing more migrants to send remittances back to Mexico.
