Hi ajasmine,
Welcome to the forum,
Bad is a relative term so it depends how things compare to where you live.
The goverment is broke so services and goverment jobs are being curtailed. However the local economy is still moving and the malls are full of people.
In order to properly address your concerns and those of your family and friends we need to know what those concerns are.
I am well known not to sugar coat anything, it is a great island but like anywhere in the world, it is not perfect.
You mention kids which means schools and or home schooling. You have not said anything about your knowledge or ability to learn Spanish and we do not know about your need for a job or not or your budget for housing which may affect your location and schools you can afford.
Rey