Tuesday, May 19, 2009

Reverse remittances

Maibe González at Feet in 2 Worlds notes an unusual phenomenon--reverse remittances from the Dominican Republic. In other words, immigrants in the United States getting money from their relatives back home. This is a very uncommon situation, because you have to be rich.

That is the case of Ana Isabel Rodríguez, a Dominican immigrant who lives in Manhattan. She lost her job as a sales person for a major cosmetics firm last November. Now she is living off the rent of her beach house in Puerto Plata in the Dominican Republic.

“I didn’t want to rent the apartment, but that’s my only source of income now,” she said.

So I don't expect this to be a widespread issue anytime soon.


Anonymous,  3:53 AM  

thanks for the information....

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