Earlier this month, Puerto Rico defaulted on a bond payment, paying only $628,000 of the $58 million owed. This is but the latest chapter in the island’s woes, which has been suffering through a recession for nine years and is burdened with $72 billion of debt.
But will this most recent escalation of Puerto Rico’s long-running economic crisis accelerate the migration of Puerto Ricans to Philadelphia, already home to the fifth-largest stateside population?
The population already seems to be swelling due to the island’s escalating economic crisis. The housing arm of Concilio, one of the city’s oldest Latino advocacy organizations, has seen an influx of newly arrived residents from the island in 2015.