03.02.04.01. Do remittances play an important role in the financing of long-term care? | Mexico

03.02.04.01. Do remittances play an important role in the financing of long-term care? | Mexico

12 Jul 2022

Similarly, as for health financing, while remittances play an important role in supporting families in many localities throughout the country and they are predominantly provided by the large number of Mexican migrants living in the U.S., the scarce information available shows that these are primarily spent on basic subsistence items such as food and clothing. One of the few studies available on this subject shows that, based on different data sources, the main uses of remittances sent by Mexicans are: buying clothes and groceries. Remittances are used much less frequently to purchase education, health services, settle debts, and for buying, renovating, or building homes (CONAPO & Fundación BBVA Bancomer, 2018).

References:

CONAPO, & Fundación BBVA Bancomer. (2018). Anuario de Migración y Remesas México 2018. https://www.migracionyremesas.org/docs/Anuario_Migracion_y_Remesas_2018.pdf