July 25, 2024

Extreme poverty in Venezuela rose from 10.7% to 79.3% between 2005 and 2019

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Between 2005 and 2019, poverty measured by income went from 34.4% to 96.2% between 2005 and 2019 and extreme poverty rose from 10.7% to 79.3%, according to the National Survey of Living Conditions ( Encovi), reported the Andrés Bello Catholic University (UCAB).They also reported that the minimum wage has lost 99% of its value in the last 10 years and 87% in the last 3 years, as well as that 80% of Venezuelans do not have the necessary resources to purchase basic food. BYy On Venezuela

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