Hispanics in North Texas sending remittances to their families in Latin America are feeling the impact of inflation on their pockets — both in the U.S. and in...
to their families in Latin America are feeling the impact of inflation on their pockets — both in the U.S. and in their home countries.
”Everything is more expensive, but you have to adjust,” said Antonio Jiménez, 61, a construction worker living off Webb Chapel Rd. “I send in only when I have some money left, because here I have to pay rent and my bills, too. Just take the electricity bill, which is quite expensive now,” he said., a digital remittances app, 78% of senders reported higher living costs, including utilities, transportation, daily expenses, housing and healthcare.
Adding to that is the U.S. dollar value versus local currencies in other countries, a combination of factors overall affecting remittances, Valles said. ”Anyway, they keep sending money back home. We have customers showing up each week and most of them are from México, Guatemala or El Salvador,” she said.
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