Puerto Rico’s bankruptcy problem is complicated — but the various ways the crisis hurts most Puerto Ricans is unmistakable.
Since Puerto Rico declared bankruptcy in 2017, it’s become harder for people to decide where they can afford to live and where their children can enroll in school.
The island declared a form of bankruptcy in 2017. At the time, the island faced historic levels of debt, topping $72 billion. But Puerto Rico’s debt crisis, far worse than Detroit’s $18 billion bankruptcy claims in 2014, has now reached a potential turning point.
