Latin American and Caribbean migrants are saving—but why not in a bank?

 

According to our new report on the economic situation and remittance behavior of Latin American and Caribbean migrants in the United States, 60% of migrants hold a bank account in the U.S. Banking rates among migrants appear to have steadily increased in the last decade; for example, in 2005, 29% of Mexican migrants in the United States held bank accounts, and in 2013, that number had grown to 54%. That is good news. Financial institutions are clearly making inroads within remittance sending communities, though it’s hard to point to one specific reason this is happening.

lunes, 7 de abril de 2014/Author: Rebecca Rouse/Number of views (7414)/Comments (0)/ Article rating: No rating