Besides the fact that it is THE luxury event of the yearMay 27, 2015 9:48
How much do you send home?
New report on migration sees the number of migrants in the Gulf up by a fifth, and puts it down to financial stability. But how much are you sending home?
December 16, 2010 4:28 by Samuel Potter
In the wider Middle East, there are an estimated 26.6 million migrants, according to IOM. That’s 13.5 percent of the world’s total. The IOM cites the World Bank as identifying the region as both a major source and receiver of workers’ remittances. According to the report, “In 2009, it was estimated that the region received approximately USD 22.7 billion in remittances, while USD 25 billion were sent by migrants residing in the region. It is expected that remittance flows from the Middle East and North Africa will experience an annual growth of -7 per cent and 5 per cent for2009 and 2010, respectively.”
Kipp decided to ask its readers exactly how much of their salaries found its way back to family or friends back home. In the end it was a pretty even spread, with 28 percent of poll respondents saying they send less than 25 percent of their salaries to their home countries. That was the biggest group, the next largest being one fifth of readers (20 percent) who aren’t sending anything home (“I’m going to start soon, honest!” was the name we gave the category). The slightly less cheap readers decided to sidestep the problem by bringing their families here, so they wouldn’t have to send anything home. Seventeen percent of you opted for that strategy, apparently.
That leaves the middle ground, and the other extreme; 16 percent of you are sending between 25 and 50 percent of your earnings back to your home country, while 9 percent of you say between 50 and 75 percent of your money makes it home. Kipp reserves a special mention for the 10 percent of readers who claim to send more than 75 percent of their earnings back to their home country. We figure either you earn a lot, or you manage to live really cheaply, because we could never manage that here in Dubai.
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