Tag Archives: remittances

Money Remittance: A Lifeline for 10% of the World’s Population

Door to Door Remittances: Lifelines for Millions

It has recently emerged that remittances form the bulk of some developing countries’ GDP and change the lives of hundreds of millions of people. Remittances present a lifeline to many households and change the fortunes of citizens who have no other option besides the generosity and magnanimity of their families and relatives working abroad for a handy amount to remit home. Continue reading Money Remittance: A Lifeline for 10% of the World’s Population

Remittances to Latin America on the Rise

Money Transfer To Mexico and Beyond

Many U.S. immigrants from Latin America send money and portions of their income back to their families. In 2011, the 54 percent of Spanish speaking immigrants who send money home sent $53.1 billion in remittances – more than 8 times the official federal aid. That all occurred while America found itself still struggling with recession difficulties. (During the U.S. housing crisis in 2008, remittances went down.) Continue reading Remittances to Latin America on the Rise