There is certainly a third reason for these remittances: Support of family members in in the home of the immigrant.
Remittances by Latin Americans living in the US are very substantial flow of money to Latin American countries. E.g. the total annual remittances to Mexico in 2025 were over $62 billion.
"... Treasury Secretary Scott Bessent is banning immigrants who are on government assistance from sending any U.S. dollars outside the country through remittances.
“If you are wiring the money out of the country, one of two things must be true,” Bessent told Fox News’s Laura Ingraham. “You’re either getting too much money and your benefits must be cut, or you’re part of this conspiracy,” referring to fraud schemes and funds sent to foreign terrorist groups like Al-Shabaab. ..."
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