El Espace is a column dedicated to news and culture relevant to Latinx communities. It’ll be in Spanish and English, so you can forward it to your tía, your primo Lalo or anyone else (read: everyone). “Guardalo,” my dad said, explaining that the longer I kept it, the more valuable it would become. In hindsight, it was the first time I made money from writing, and I should have valued it more, but I was disappointed not to have cold, hard cash. In general, financial literacy among Latino communities is lower than that of the average adult in the United States, particularly among first generation immigrants, most of whom are scraping by on low-paying jobs.

Source: New York Times January 10, 2019 20:48 UTC