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Migrants working in the United States sent a staggering $120 billion back to their families last year, it was revealed today. The amount of money being sent by migrants across the entire world reached $530 billion last year, making it a larger economy than Iran or Argentina, the data from the World Bank showed. This worldwide figure has tripled in the last ten years and is now three times bigger than the total aid budgets given by countries around the world. It has sparked debate whether this so-called remittance money could be a viable alternative to relying on help from other governments. In the United States last year, more than $120 billion was sent by workers to families abroad - making it the largest sender of remittances in the world. More than $23 billion went to Mexico, $13.45 billion to China, $10.84 billion to India and $10 billion to the Philippines, among other recipients. www.dailymail.co.uk...
Advocates for immigration amnesty keep telling us that illegal aliens contribute massively to the economy. That’s true — for the MEXICAN economy. The fact is that the overwhelming amount of the wages earned by illegal aliens is not spent in this country, but simply sent back home. Mexico received $21.59 billion in remittances from emigrants in 2013, the Bank of Mexico said. Nearly 74 million transactions were registered in 2013, with the average remittance totaling $292, the central bank said. Remittances rose 3.5 percent to $5.34 billion in the fourth quarter of last year, compared to the same period in 2012, with 18.4 million transactions and an average amount of $285.30, the Bank of Mexico said. toprightnews.com...
Simple question, would kicking all illegals out of our country would that cause an economic boom?