The money isn't missing. Less of it is being sent back to Mexico, at least according to the linked article.
EL PASO, Texas (Border Report) – The money citizens working abroad send home to relatives each month is one of the pillars of the Mexican economy. Remittances last year totaled $64.7 billion, or about 3.5 percent of the country’s gross domestic product.
That cash flow slowed at the end of last year and is down 5.5 percent year to year through the end of July, new data released by Banco de Mexico (Banxico) shows.
Oy vey!
Oy vey!
Indeed!
President Claudia Sheinbaum last month said Mexican immigrants are fearful of being caught up in the Trump administration’s push to deport those who are in that country illegally.
“What is this (the drop in remittances) related to? Most of all with the situation imposed by the United States on our migrant brothers,” Sheinbaum said on August 22.
((( Claudia Sheinbaum )))