Author Topic: MIGRANTS Sent Record $69 Billion From U.S. To Home Countries In 2016  (Read 913 times)

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Offline HAPPY2BME

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MIGRANTS Sent $69 Billion From U.S. To Home Countries In 2016 – More Than Ever Before

That is more than has ever been sent outside our borders by migrants before.

A new report reveals that Latin American and Caribbean migrants are transferring more money to their families back home than ever before.

Referred to as “remittances” by analysts, the annual money transfers exceeded $69 billion in 2016, according to central bank data compiled by the Inter-American Dialogue, a Washington, D.C. think tank.

The money has been a lifeline for the economies of many countries in the region since at least the 1990s when remittance tracking began. The 2016 tally is the highest amount on record, and an increase of nearly 8 percent over 2015.

Approximately 40 percent of the funds go to Mexico, and practically all of the money is sent by migrants in the United States. The recent surge is remarkable since migration from Mexico has slowed greatly. The number of migrants in the U.S. increased by only 1 percent between 2010 and 2016 to a total of 11.8 million. The median amount that any given Mexican migrant sends has also remained steady.


http://americanlookout.com/lpn-mexican-migrants-setting-new-records-sending-u-s-dollars-home-more-than-ever/

Offline DLR Pyro

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Re: MIGRANTS Sent Record $69 Billion From U.S. To Home Countries In 2016
« Reply #1 on: February 18, 2017, 01:05:48 PM »
tax that at 5% and we'll get than wall paid for in no time
Trump Won.  Get over it!

Basking in the glow of my white privilege


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Offline HAPPY2BME

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Re: MIGRANTS Sent Record $69 Billion From U.S. To Home Countries In 2016
« Reply #2 on: February 18, 2017, 01:08:48 PM »
tax that at 5% and we'll get than wall paid for in no time

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