Rich world's jobs crisis jolts money flows to millions

Carlos Sosa, a Salvadoran waiter in New York, used to send up to Sh50, 000 ($500) a month back home to his mother to help pay for her medical bills and food. But now, after the coronavirus hit and he lost his job in early March, Sosa has burned through his savings and the wire transfers have stopped.

The 42-year old says he is struggling to pay for even his own rent and is concerned for his mother. “It’s been a very tough situation,” said Sosa, who is in the middle of processing his U.S. residency papers. “The economic part is the most traumatic of all this.”