Immigrant Workers Send Billions Home
STEVE INSKEEP, Host:
NPR's Scott Horsley reports.
(SOUNDBITE OF MONEY TRANSFER OFFICE)
SCOTT HORSLEY: At Lee's international money transfer office in San Diego, three clocks hang on the wall. The clocks are labeled San Diego, New York and Saigon. It's about 1:00 o'clock San Diego time when Linda Lee stops by to wire $300 to her brother-in-law in Vietnam.
LINDA LEE: We have more ability to make money here, more opportunity, but over there with a hundred dollar they can live a month.
HORSLEY: Bank official Donald Terry says most of the money is needed for immediate expenses, but some could be invested in ways that would improve long-term prospects back home.
DONALD TERRY: Our hope, of course, is that in the next generation fewer numbers of young people living in developing countries will have to leave home. They're going to stay with their families, and they can contribute even more to their own local economies.
HORSLEY: Scott Horsley, NPR News, San Diego.
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