Many Happy Returns: Remittances and Their Impact
************MANY THANKS TO JACOB PRADO GONZALEZ, CONSUL GENERAL DE MEXICO IN KANSAS CITY, MISSOURI FOR SHARING THIS INFORMATION:
To View this IPC Special Report, click here.
Many Happy Returns: Remittances and Their Impact
Money Sent Home by Migrant Workers Helps American Economy Too
Millions of immigrants in the U.S. send billions of dollars in remittances to friends and family members in their home countries each year. While it is easy to assume that this represents a huge loss for the U.S. economy, the relationship between remittances and the U.S. economy is much more complex than meets the eye. It’s true that remittances are an important source of income for immigrant-sending countries, but remittances are also a huge boost to U.S. exports and the U.S. economy. The following IPC Special Report reveals the economic benefits of remittances to both developing nations and the U.S. economy.To View this IPC Special Report, click here.
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