Study says Latin American migrants will send home record amount

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Posted on: October 19th, 2006
Filed Under: [ Hispanic News ] [ Top Stories ]
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Many Latin American nations are unable to create attractive jobs to keep their young populations from leaving

“Latin American migrants in the United States this year will send a record $45 billion to support relatives back home, according to a study released Wednesday that sheds light on the powerful economic forces driving migrants ”” both legal and illegal ”” to America’s labor-hungry regions.

With 12.6 million migrants born in Latin America now sending home an average of $300 every month, remittances from the United States will grow by 51 percent since 2004, according to the Inter-American Development Bank (IDB), the biggest official lender to the region.”

Source: More information in English / Mas informací­on en Ingles
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