Opposing value systems
According to a recent report, more than two-thirds of recent immigrants to the USA send money home regularly. The worst-paid, poorest people in the country manage to save enough to send some back to the old country. The US Ambassador from El Salvador says that the two million Salvadorians in the U.S. sent enough money home to account for 13 percent of the GDP of his country.Something very odd going on with these two groups.
At the same time, nearly two-thirds of American households are in debt. Many of them in serious debt. If the housing market falters, all those triple mortgages and home equity loans go under water, which means that people will have to sell their houses to get the money to pay off the loans, and the cycle starts.
Why do they each do what they do so differently?
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