Episode 29: Remit, Repeat –The Power of Remittances in the U.S. Hispanic Economy

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Every year, U.S. Hispanics send billions of dollars back to Latin America, fueling families, communities, and entire national economies. In 2023 alone, remittances to the region reached a record $155 billion, with Mexico receiving over $63 billion — the majority sent from the United States.

In this episode of Unlocking the Hispanic Market, host Jorge Mañón breaks down:
🌎 The scale and impact of remittances on Latin America and the U.S. Hispanic community
💳 How financial habits at home are shaped by obligations abroad
📱 The rise of fintech disruptors transforming money transfers
🤝 How brands can connect with Hispanic consumers through trust, transparency, and cultural relevance

Remittances are more than money — they’re emotional connections that cross borders. Understanding them means understanding one of the most powerful economic and cultural forces in the Hispanic market.

Sources & Research:

• World Bank. (2024). Migration and Development Brief 38: Remittances to Latin America and the Caribbean
• Pew Research Center. (2023). Facts on Latinos in the U.S.
• Inter-American Development Bank. (2023). Remittances to Latin America and the Caribbean in 2023
• Orozco, M. (2022). The Remittance Marketplace in the Digital Age
• Mañón, Jorge. (2023). Unlocking the Hispanic Market: Untapped Opportunities for Business Growth

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