Only an estimated 9 billion dollars last year. Now some major banks are accepting the Matriculas Consulares cards as ID and are allowing them to open up checking accounts to make it easier for them to send money back to Mexico.
That is 9 billion dollars out of our economy. Go figure!!
constitutes a key piece of the economic engine of that country, in addition, they do not displace American laborers and what’s more, they generate higher profitability for businesses by means of being a source of cheap manual labor; and most importantly “legal or illegal ", all the Mexicans pay taxes just like the other citizens of US ".
They pump far more than that into the economy in terms of labor. And that is a minor disaster for the Mexican economy. The "23 million Mexicans" (I find it more than a little annoying that they're calling 13.5 million Americans "Mexican", but that's another story...) in the US are adding to our economy, not theirs. The $9 billion they get back is hardly compensation for the economic activity that stays north of the border.