“Suddenly the kids, the next generation, have a different trajectory”
Remittances continue around the world, despite taking a hit from the coronavirus pandemic. The ý’s Frey Lindsay meets one Indian IT consultant sending money from the UK, and hears from his family how that money has helped pay for education and housing back in India. Caroline Theoharides is an assistant professor of economics at Amherst College and explains how significant remittances are for the 800 million people globally who receive them. Jason DeParle, author of “A Good Provider Is One Who Leaves” describes the 30 years he spent watching a Filipino family use remittances to climb up the class ladder. Zaki, a Sudanese man living in the UK explains how sanctions get in the way of trying to send cash home. And Dora Zambria, chief operating officer of digital remittances company Azimo, tells Frey how her firm is working to bring the cost of sending money.
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