Over the past decade, the State Department estimates that the number of Americans living in Mexico has soared from 200,000 to 1 million (or one-quarter of all U.S. expatriates). Remittances from the United States to Mexico have risen dramatically, from $9 billion to $14.5 billion in just two years. Although initially interpreted as representing a huge increase in illegal workers (who send parts of their salaries across the border to family), it turns out to be mainly money sent by Americans to themselves to finance Mexican homes and retirements.
(San Francisco Chronicle)
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