Venezuelans estimate they need up to $800 per month to live with dignity in the country
El Diario surveyed Venezuelans to find out how much they consider necessary to earn to cover basic expenses.
TL;DR
- The minimum wage in Venezuela is 130 bolivars per month, equivalent to about $0.32.
- Citizens in Caracas are combining multiple jobs and informal activities to supplement their income.
- A survey showed that people in Caracas earn an average of $150-$250 per month.
- Respondents believe a sufficient minimum wage should be between $500 and $800 per month.
- Transportation costs alone can consume a significant portion of income, with one individual spending about $120 per month on travel.
- Food expenses are also high, with one household reporting spending around $100 weekly on groceries.
- Many individuals feel their current income is insufficient to cover basic needs and unexpected costs.
- Pensioners also face challenges, with incomes not keeping pace with the cost of living, making basic necessities and medicine unaffordable.