If they are so important here, WHY HAVEN'T THEY HELPED THE COUNTRY THEY ARE LEAVING!!!!!!!!!!!! Thank you.
They are important to their home country. Every dollar going into a bank benefits the country it goes in. In my opinion, much of that money goes into those banks as a nest egg for those illegal border crossers in the U.S. The cost of living in those countries makes it very beneficial for those accumulating lots of money in savings accounts.
Let’s say they can save $5000 every year for 20 twenty years. Synchrony Bank has a 1.05% interest on savings. To save $5000 a year one would make monthly payments of %416.66. With an initial deposit of $5000 and 1.05% compounded monthly, at the end of 20 years you would have $117,387.37. Also, they will have put in money for U.S. Social Security. I have no idea how to calculate there potential income from Social Security. Let’s say it is cream on the top.
This site gives the average monthly salaries ranked by country. Looking at the list, Mexicans have an average monthly salary of $609. That’s $7,308 a year and, that divided into $117,387.37, is 16 years. This does not account for the interest on the balance after money is taken out of the nest egg.