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Every year, millions of families rely on remittances to cover life’s essentials. In fact, money sent home by migrant workers reached nearly $685 billion in 2024 across low- and middle-income countries. That sum is larger than most forms of foreign aid. However, with inflation tightening household budgets, especially among immigrant communities, families are finding it increasingly difficult to stretch their income. Rising prices can mean cutting back on non-essentials, making the money they send abroad even more critical.