Friday 8 August 2008

Hispanic Community Struggles to Maintain Financial Support Abroad

August 7, 2008

Felix Medrano stepped into the Western Union office, filled out a money transfer form and handed a fraction of his monthly earnings to a cashier behind a smudgy window.

“The second day is more cheap,” Medrano said, as he dropped the envelope under the tiny hole in the glass.

Medrano, a construction worker living in the Route 1 corridor of Alexandria, is among one of the millions of Latinos in the United States who send money back to their home countries. Virginia’s Hispanics still send an estimated $1.1. billion, but the amount of remittances in the U.S. has decreased dramatically since the 1990s and the dwindling economy only makes matters worse. [Read more]

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