Latin Migrants Sent $62 Billion Home in 2006
RENEE MONTAGNE, host:
The U.S. has also been increasing its defenses against illegal immigration, and immigrants are still coming, both legal and illegal. There is a flow in the other direction too. Many immigrants send money home. Over the weekend we heard how rapidly those payments are increasing.
STEVE INSKEEP, host:
The Inter-American Development Bank estimates that Latin American migrant workers sent home $62 billion last year alone. That is more than all the foreign aid and foreign investment in the region. Within a few years the number may hit $100 billion. It all comes from immigrants who on average send home money $100 or $150 at a time.
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