NEW YORK, Oct. 19 (UPI) -- The flow of Latin American immigrants' money home from the United States, once a trickle now a torrent, totals billions of dollars a year, a study shows.
Remittances from the United States to Latin America this year will total more than $45 billion, 51 percent than they were two years ago, the survey says.
Further, the remittances come from nearly every state, even in places where there were virtually no Latin American immigrants a few years ago, The New York Times reported.
About three-quarters of Latino immigrants who were surveyed send money home regularly, up from some 60 percent in a similar 2004 survey.
The study, sponsored by the Multilateral Investment Fund of the 47-nation Inter-American Development Bank, was based on a poll of 2,500 immigrants, legal and illegal, by Sergio Bendixen, a Miami pollster.
