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ImmigrationProf Blog
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Immigrants Sending Less Money Home

By immigrationprof

The Inter-American Development Bank, one of the biggest lenders to Latin America, estimates the amount of money immigrants living in the U.S. will send their relatives in 2008 will grow at the slowest rate in nearly a decade.

The actual amount of money migrants will send home will increase slightly, from $66.5 billion in 2007, to $67.5 billion this year.

But when adjusted for inflation and exchange rate variations, the bank estimates that amount will contribute 1.7 percent less to household incomes in Latin America and the Caribbean than last year.  For the full story, click here.

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