The Financial crisis It’s over
Venezuela Awesome. According to a university study presented on Wednesday, the country is rich in oil producers, but three-quarters live in extreme poverty. This is based on data collected from 17,402 households living in 22 of Venezuela’s 24 states between February and April 2021.
The National Survey on Living Conditions, coordinated by Catholic University Andres Bello (UCAB, Private), determines that 76.6% of households have incomes that do not meet their food needs. After all, 94.5% of families live below the poverty line of $ 1.9 a day. On the other hand, the study’s figures differ from those officially presented by Parliament, which shows 17% of people living below the poverty line and 4% living in extreme poverty. Poverty.
Numerous departures from the country
“We have reached a poverty line,” said sociologist Luis Pedro Espana during a survey presentation on the rise in extreme poverty. In 2019-2020, the extreme poverty rate was 67.7% and 91.5% of people lived below the poverty line. Consequences of these poor figures: The population is now about 28.8 million inhabitants, while 5 million people have fled Venezuela.
It was once considered one of the richest countries in South America OilVenezuela’s gross domestic product (GDP) has fallen by 80% since 2013.
Salary is often less than the cost of going to work
According to the study, only 50% of Venezuelans of working age are employed. Only 33% of working women are most affected. When there is a shortage of gasoline and restrictions due to epidemics, a “mobility crisis” particularly affects working people looking for work. “The cost of entering a job” is more than the reward for a job, warns Luis Pedro Espana. In Venezuela, the minimum wage with food stamps – which many government officials receive – barely exceeds $ 2, which does not cover the cost of transportation, although the average wage in the private sector is $ 50 per month.
Finally, according to a university survey, only 65% of 11% of school-age children (ages 3 to 24) are enrolled in educational institutions, a drop of 5%. 17% of 16-24 year olds are enrolled in university.
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