Foreign workers send home three times the amount of money spent on aid
The amount of money that migrants around the world send back home increased by more than 50 percent over the past decade, according to a new analysis. Technically known as ‘remittances,’ the total amount of these cash transfers grew from $296 billion dollars in 2007 to $445 billion in 2016 – triple what is spent by rich countries on foreign aid each year.
