The global redistributor we never hear about: money sent by migrants(ourworldindata.org)

3 pointsby therabbitholeletztes Jahr2 comments

The global redistributor we never hear about: money sent by migrants

https://ourworldindata.org/great-global-redistributor-money-sent-brought-back-migrants-remittances

3 comments

International migrants send $781 billions per year to families back home. That's over >3x global aid.

About 6% goes to bank fees. Reducing these fees would unlock a huge amount of redistribution.

kamarajuletztes Jahr

The transaction fees are insane. For example, xe.com charges $3 to send $10 via an ACH transfer from US Dollars to Indian Rupees.

[deleted]letztes Jahr