Immigrants Sending $45 Billion Home |
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Posted by 3AngelaD On 10/19/2006 8:56:00 AM CDT · 7 replies · 81+ views The Washington Post ^ | October 19, 2006 | Krissah Williams Immigrant workers are sending more money than ever to their families in Latin America, but two new studies show that only a small portion of the billions of dollars directed there has gone to economic development.... A report released yesterday by the Inter-American Development Bank estimates that immigrants living in the United States will send $45 billion to family members this year, representing a steady increase from about $2 billion in 1980... About $3 billion in remittances will go to El Salvador this year, or about 15 percent of that country's gross domestic product and more money per capita than... |
Thanks for the research - Brokaw's number struck me as low. Good to have the proof - I will edit original NB item accordingly.