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ImmigrationProf Blog
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The Importance of Remittances

By immigrationprof

The Washington Times (here) in an article by Tom Carter (“Private charity outpaces, outperforms foreign aid”) looks at how, accodring to studies, private giving exceeds U.S. foreign aid.  It states that “Using figures from the Inter-American Development Bank, the World Bank and the U.S. Bureau of Economic Analysis, the Hudson study found that the estimated 12.6 million immigrants living in the United States earn about $500 billion a year, and more than 10 percent of that is sent home.”

KJ