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Economic Collapse Pushes 86% of Venezuelan Households into Poverty

Summary by The Rio Times
The Venezuelan Finance Observatory (OVF) revealed that 86% of Venezuelan households now live in poverty. This alarming statistic highlights the devastating impact of one of modern history’s most dramatic economic collapses outside wartime. The poverty threshold stands at US$391 monthly, representing the cost of a basic food basket for a family. Average household income falls […]

4 Articles

Lean Left

The Communist Party of Venezuela (PCV) denounced the "conditions of extreme need" that the workers of the country live by having a minimum wage that represents 1,99 bolívares per month, said on Tuesday Yul Jabour, member of the Political Bureau of the political organization.The formation, which distanced itself from Chavismo and this earned him the judicial confiscation of the acronyms and the party card, criticized Chavista leader Nicolás Madur…

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The Communist Party of Venezuela (PCV) denounced this Tuesday that the workers of the country live in "conditions of extreme need", for which it held the administration of Nicolás Maduro responsible, which, it warned, keeps the minimum wage frozen - reference for the rest of salaries in the public sector - for three years. The party recalled that, [...] The Communist Party entry says that Venezuelan employees suffer "conditions of extreme need" …

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The Communist Party of Venezuela (PCV) denounced on Tuesday that the workers of the country live in “conditions of extreme need”, for which it held the administration of Nicolás Maduro responsible, which has kept the minimum wage frozen for three years. Yul Jabour, a member of the PCV, said that the “wage policy of Maduro” generates “desperation and concern” and “has led working families to conditions of extreme need.” In his view, the “policy o…

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Monitoreamos broke the news in on Tuesday, March 11, 2025.
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