U.S. Economic Downturn Felt by Families in El Salvador

According to an article on WashingtonPost.com, the effect of the downturn in the U.S. Economy is impacting families directly in El Salvador and all of Central America. At least 18% of the gross domestic product of El Salvador comes from remittances, or money sent back to families by people now living and working in United States. Due to the weakening dollar and the increase of living costs here, there is less money being sent to E.S. This decrease in remittances comes at a time when costs are rising in El Salvador as well. Less money, less buying power, increased poverty. What a vivid reminder of how connected we all truly are on this planet. Click here to read the article.