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.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.