Revealed: How immigrants in America are sending $120 BILLION to their struggling families back homeFebruary 1, 2013
Source: Daily Mail
Cash flow: This graphic shows how much money is being sent by migrants to their families back home and where it is being transferred from in a transient economy that topped $530bn last year, according to new figures by the World Bank. More than $120bn was sent from the U.S.
In 2011, the World Bank estimated that U.S. remittances alone reached $110.8 billion, which was more than 80 per cent of the size of the total amount of cash flow ($132 billion).
It is little surprise as the US is home to the largest number of migrants from developing countries; there are 42.8 million immigrants in the country, making up around 14 per cent of the population.