Tuesday, February 13, 2018

Report Finds Immigrants in U.S. Sent Home $138 Billion in 2016 | LifeZette

Report Finds Immigrants in U.S. Sent Home $138 Billion in 2016 | LifeZette:
"Money wired from America to foreign countries made up a quarter of global remittances; Mexico was top destination
Immigrants in the United States in 2016 sent home more than $138 billion — a sum that exceeds the entire gross domestic product of Kuwait — according to a new report from the Pew Research Center.
That sum accounted for about a quarter of the $574 billion that migrants in countries around the world sent to friends and relatives in their home nations.
The U.S received only about $6.5 billion in money sent by people living i
n other countries, according to the Pew report. 
The research organization estimates global remittances based on a statistical model developed by the World Bank.
“It’s a staggering number,” said immigration reform activist Chris Chmielenski, marveling at the $138.2 billion that immigrants wire out of the United States..."
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