Thursday, February 22, 2018

Venezuela's Poverty Increases

Venezuelans reported losing on average 11 kilograms (24 lbs) in body weight last year and almost 90 percent now live in poverty, according to a new university study on the impact of a devastating economic crisis and food shortages. The annual survey by three universities, is one of the most closely-followed assessments of Venezuelans’ well being amid a government information vacuum and shows a steady rise in poverty and hunger in recent years.

Over 60 percent of Venezuelans surveyed said that during the previous three months they had woken up hungry because they did not have enough money to buy food. About a quarter of the population was eating two or less meals a day, the study showed.  The study flagged Venezuelans’ deteriorating diets, which are deficient in vitamins and protein, as currency controls restrict food imports, hyperinflation eats into salaries, and people line up for hours to buy basics like flour.

“Income is being pulverized,” Maria Ponce, one of the study’s investigators, told a news conference at the Andres Bello Catholic University. “This disparity between the rise in prices and the population’s salaries is so generalized that there is practically not a single Venezuelan who is not poor.” The study showed that 87 percent of people in Venezuela, were living in poverty last year, rising from 82 percent in 2016 and 48 percent in 2014.

No comments: