Myth 6 - Immigrants Send Most of the Money They Earn Out of the Country

1. Myth
1. 90% of immigrant wages are spent in-country.

2. Part of the Global Economy
1. 60% of Latin American immigrants send about 10% of their income home. This represents about 50-80% of the household income for the recipients.
2. Because of the complexity of the global economy, it is hard to figure out exactly who benefits from the wages sent out of country. Some of what is spent in the home country comes back in the form of low-cost imported goods. Some of it is spent on goods imported to the home country from the U.S. Both scenarios benefit the U.S. economy.
3. Remittance money is more efficient than foreign aid.