The U.S. Census Bureau released statistics Thursday confirming that the median household income for Puerto Rico and most of its 10 largest towns held steady after the most recent recession.
José J. Villamil, one of Puerto Rico’s leading economists, offered a grim assessment of the island’s fiscal health during a lecture Tuesday at Washington’s Center for Strategic & International Studies.
Puerto Rican consumers get the equivalent of 86 cents out of every dollar they receive, which puts a significant squeeze on their purchasing power as the price of most goods and services continues to increase.