COMACHUEN, Mexico (AP) — Mexico's remittances -- the money migrants send home to their relatives -- have soared in the past two years, and are now expected to top $50 billion for the first time once 2021's figures are added up.
But as happy as the Mexican government is about the news -- and the president is ecstatic -- the boom raises questions: Is it sustainable, or just blip fueled in part by U.S. government pandemic support payments?
Any decline would be a blow.
In some places in rural Mexico, remittances are often the lifeblood of many towns, with every store, business and family depending on the money.
