61,2% of Venezuelans are immersed in extreme poverty

The Survey on Living Conditions in Venezuela (Encovi) conducted by the country's leading universities and presented this Wednesday in Caracas revealed that extreme poverty increased in the country from 23.6% to 61.2% in four years and almost 10% only between 2016 and 2017.

The information was offered by the Andrés Bello Catholic University (UCAB), who was in charge of the data on the increase of poverty within the framework of the Encovi, a survey that is carried out annually since 2014 and that in 2017 was carried out in 6,188 homes of all country.

It can be seen that in 2014 extreme poverty stood at 23.6%, in 2015 at 49.9%, in 2016 at 51.5% and in 2017 at 61.2%.

It is seen that "non-poor" households in 2014 represented 51.6% of those consulted, in 2015 they were 27%, in 2016 the number fell to 18.2% and in 2017 it reached 13%.

In 2014, poverty (between chronic and extreme) was located at 48.4% and four years later, in 2017, poverty, based on income (per household), stands at 87%.

The highest proportion is located in the category of extreme poverty and refers to those households whose income does not give them to pay, at least, the cost of food, that is, those households in which the biological survival of its members is compromised...

Encovi was carried out with information obtained between July and September, so the researchers have made it clear that these results do not reflect the effect on Venezuelans that the phenomenon of hyperinflation that started in October has had.

Within the context of this hyperinflationary context that the country is experiencing, most Venezuelan households will be located below a poverty line that ends up being unattainable because wages can not reach the speed of inflation.

The situation may be involving the pulverization of the middle class in economic terms.

In chronic poverty, households with poor structural living conditions and less access to opportunities to improve it, such as lack of income, as well as "social protection", can fall "rapidly" into extreme poverty.

The small towns and hamlets of the country show that poverty increases by 75%, "that means that 3 of 4 households are multidimensional poor, that is, they are poor by many deficiencies, while in Caracas it is only 1 in 4".

@communitynews