A Look at How Migrant Money Cushions Economies
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Remittances help pay medical bills and keep people fed in times of crisis, such as the COVID-19 pandemic. In Latin America, where many work informally and don’t have access to government assistance, the cash migrants send to their loved ones can even boost political stability and provide a buffer for national economies. In this episode, we hear about remittance trends in pandemic times from Creative’s Manuel Orozco, NYU’s Roy Germano, and Remitly’s Matt Oppenheimer.
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A Look at How Migrant Money Cushions Economies