Bad news! Probably most remittances are by legal immigrants.
Countries like Mexico and other Latin American countries depend on the huge remittances every year! In 2024, remittances to Mexico alone were about $65 billion.
Western Union Reports Fewer U.S. Dollars Being Sent Home by Migrants "In another example of the Trump effect, money transfer giant Western Union is reporting that its revenue from cash transfers to locations outside the U.S. has seen a 12 percent decline this year."
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