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Latin America

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Bacchus4.0

(6,837 posts)
Sun Jun 1, 2014, 10:40 AM Jun 2014

In just one year, 1,795,884 Venezuelans plunged into poverty [View all]

http://www.eluniversal.com/economia/140531/in-just-one-year-1795884-venezuelans-plunged-into-poverty

The National Statistics Institute has published figures mirroring the hardships Venezuelans face on a daily basis: as their earnings vanish, a growing number of people lack resources to cover their most pressing needs.

As reported by the National Statistics Institute, 1,795,884 Venezuelans plunged into poverty over a one-year span.

The institute's latest report on poverty, measured on the basis of income, shows that 25.4% of Venezuelans lacked the income to access the basic food basket during the second half of 2012. By the end of the same period in 2013, that number had grown to 32.1%.

Paying for basic food items and essential services, such as health, education and transportation, is impossible for 9,174,142 Venezuelans simply because they do not earn nearly enough.

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