It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
A majority of the remittances from the US have been directed to Asian countries like India (approx. 26 billion USD), Philippines (approx. 20 billion USD) and China (approx. 23 billion USD).
In Latin America and the Caribbean, remittances play an important role in the economy of the region, totaling over 66.5 billion USD in 2007, with about 75% originating in the United States.
...over 60% of the 16.5 million Latin American-born adults who resided in the United States ... amounted to an estimated $30 billion during 2004
$60 billion dollars are earned by illegal aliens in the U.S. each year. One of Mexico's largest revenue streams (after exports and oil sales) consists of money sent home by legal immigrants and illegal aliens working in the U.S. Economists say this will help Mexico reduce its $17.8 billion defecit and may bolster the peso. $10 billion dollars (as of 2003) are sent back to Mexico annually, according to the Pew Hispanic Center, reported in an Associated Press article, up $800 million from the previous year. ($9 billion dollars were previously sent back annually, according to a September 25, 2002 NPR report). That figure equals what Mexico earns annually from tourism. This is a massive transfer of wealth from America - essentially from America's displaced working poor - to Mexico.
A May 28, 2004 study by Bendixen & Associates6 found that legal and illegal immigrants send a total of $30 billion to their home countries on an annual basis. Mexico receives $13.3 billion a year. The largest amount in remittances ($9.6 billion) is sent from California, followed by New York ($3.6 billion), Texas ($3.2 billion) and Florida ($2.5 billion). Of those surveyed by the study, 24% were Latin American-born U.S. citizens, 39% were legal residents, and 32% were illegal aliens. Sixty-one per cent of those surveyed send remittances overseas at least once a month. A typical remittance is between $150 and $250. (See this state-by-state map of remittances.)
Economic and social costs of illegal immigration
The economic and social consequences of illegal immigration across the 1,940 mile long America-Mexico border are staggering.
An average of 10,000 illegal aliens cross the border every day - over 3 million per year. A third will be caught and many of them immediately will try again. About half of those remaining will become permanent U.S. residents (3,500 per day).
Currently there are an estimated 9 to 11 million illegals in the U.S., double the 1994 level. A quarter-million illegal aliens from the Middle-east currently live in the U.S, and a growing number are entering by crossing the Mexican border.
FAIR research suggests that "between 40 and 50 percent of wage-loss among low-skilled Americans is due to the immigration of low-skilled workers. Some native workers lose not just wages but their jobs through immigrant competition. An estimated 1,880,000 American workers are displaced from their jobs every year by immigration; the cost for providing welfare and assistance to these Americans is over $15 billion a year." The National Research Council, part of the National Academy of Sciences, found in 1997 that the average immigrant without a high school education imposes a net fiscal burden on public coffers of $89,000 during the course of his or her lifetime. The average immigrant with only a high school education creates a lifetime fiscal burden of $31,000.8
but what money they do make they are sending part of it back to Mexico.
Originally posted by jondave
They make money at jobs americans dont want, and spend the money as they wish? Lets control that, control everything, screw being a free country. We need more laws, bigger government, slavery. the amount one illegal send home in a year could pay for more goverment benefits.
Another factor to consider is how much of that money is drug money. Western Union and other entities(banks) have been caught recently helping cartels to launder money.