US Remittances Cost $200 Billion Each Year

The State Department’s decision to freeze visa processing for over 75 countries, including Somalia, Iran, and Russia, underscores the intertwining of migration with national security and economic stability. Mass migration and remittances, which reached $685 billion globally, can exert significant pressures on host nations and serve as economic lifelines for origin states. These dynamics complicate repatriation efforts and reinforce migration flows, as governments reliant on remittances face reduced incentives to facilitate the return of their citizens. In the U.S., immigrant communities contribute economically while also impacting labor markets, highlighting the complexities of modern migration.

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