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Posts Tagged ‘recession

empty-pocketsLatino NY’ers are have been especially impacted by the current economic crisis according to a study released today by the Community Service Society (full disclosure, I worked for CSS many years ago).

-More than 1 in 4 Latinos lost their jobs. More than 4 in 10 low-income Latinos either had their hours, wages, and/or tips reduced, or lost their jobs—or both—in the past year.

-Low-income Latinos are more likely than Whites or Blacks to frequently worry about having enough money to cover expenses and bills. Latinos are more likely to worry about housing as well.

-Low income Latinos are more likely to have multiple workers in their household, but less likely to report that they have employer-sponsored benefits;

-For moderate to higher income Latino families, one in five fell behind in housing payments, and over a third had their health care costs increase;

- Latina and Black low-income working mothers are most worried about not being able to find or keep a job.

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puerto_ricoFor as long as I have believed in self-determination for Puerto Rico, I have thought that talk about the island becoming the 51st state was just that, talk. This is partially because of issues of race and identity. Despite the post-racial times the U.S. finds itself in (allegedly), the U.S. will not accept a brown, Spanish speaking nation as a state. I also think though, that annexation isn’t attractive because economically, Puerto Rico isn’t attractive. Claro, the island has been exploited economically, pero statehood would require the U.S. to invest more than it would get back from the island. Just take a look at the unemployment numbers coming out of la isla del encanto:

The unemployment rate in Puerto Rico stands at 16.5 percent, the highest of all U.S. jurisdictions, and the government is announcing even more layoffs of public employees.

Via / Latin American Herald Tribune

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Cell Phone Bills Through the Roof, Consumers Look for Options

10:42 am By Jennifer Woodard Maderazo · economy|Money|Telecomm · Comments Off

17 Mar 2009

sticker-shockIn this time of economic difficulty, it seems that more and more people are getting the short end of the stick when it comes to paying what’s fair for the basics — which in this day and age means a cell phone. I’ve had my fair share of through-the-roof cell phone bills myself, but a report in The Christian Science Monitor this week made my jaw drop: according to a consumer advocacy group, cell users in San Diego are paying a whopping $3.00 per minute for their calls. Excessive text messaging can also make your bill go through the roof. Are unlimited cell phone plans the answer? It depends on your usage, according to experts.

This average is driven up by a small slice of consumers who buy large plans but rarely use them. If you cut out these big-spenders, the average falls somewhere between 50 cents and $1 per minute – far more than the “10 cents a minute” claim made in many ads.

That means if you are a big talker/texter an unlimited plan is the way to go. But if you aren’t, you’ll be selling yourself short.

I experienced sticker shock a few years back when I went over my minutes on my cell phone: a $300 bill was my punishment for not watching the clock. That decreased when I went on an unlimited plan but the problem was I wanted to use the Internet, and an unlimited data plan was also really expensive on my carrier. I sucked it up and paid — and continue to pay.

As people start looking for creative ways to cut costs, some are turning to pre-paid cell phones. That sector has reportedly grown some 13% this year, as a result of the economic downturn.

If I weren’t on contract with another company, I’d be interested in this offer, which came to us via Boost Mobile, and that you might find attractive as well: an unlimited plan WITH Internet for only $50. Check it out.

Are you cutting back on your cell phone use as a result of the recession? Let us know what you think in the comments.

Via / Chicago Tribune

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VivirLatino is a daily publication published by Mamita Mala Media, dedicated to featuring all the latest politics, culture, entertainment of interest to the diverse Latin@ diaspora.

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