CARACAS, Venezuela—When lunchtime comes, Maybel Sequera and Juan González share a plate of noodles and beans at their home in a low-income neighborhood west of Venezuela’s capital. Their meager lunch was a gift from a nonprofit organization, as the couple cannot afford to feed themselves.
“Now that they have increased us to 130 , we are going to see how we manage with those 130 because it is not enough either,” Sequera said referring to the pension in bolívares, Venezuela’s official currency and in which pensions are paid. The pensions of Sequera, González and millions of other similarly situated retirees went up last month because President Nicolás Maduro increased the monthly minimum wage from roughly $2 to about $30, an amount insufficient to pay basic goods, whose cost in February was estimated at $365, according to the Venezuelan Finance Observatory, an organization specializing in economic studies.
This dynamic leaves many older adults dependent on remittances from the more than six million Venezuelans who have migrated due to the economic, political and social crises of recent years. In other South American countries, pensions range from $230 to $650, but the amounts are also usually below the cost of a basket of basic goods or the monthly minimum wage. In Chile, new President Gabriel Boric promised to raise the amount to $310, although it will remain below the $435 monthly minimum wage.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cuban boxers can go professional under deal with Mexican promoter | Associated PressHAVANA—Cuban boxers will be allowed to fight professionally for the first time since the 1960s under a deal with a Mexican promoter, officials said. The scope of the deal announced Monday wasn’t immediately clear. The Mexican promoter, Golden Ring, appears to operate primarily in Aguascalientes, a city of nearly 900,000…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Fifa puts up own streaming platform | Associated PressLONDON—Fifa is getting into the streaming platform business with a soccer version of Netflix and Amazon Prime. The service is free and largely featuring documentaries and some live games at the launch but it could eventually be a way for Fifa to broadcast World Cup matches itself at a cost.…
Source: BusinessMirror - 🏆 19. / 59 Read more »
America’s homeless ranks graying as more people retire on streets | Anita Snow / The Associated PressPHOENIX—Karla Finocchio’s slide into homelessness began when she split with her partner of 18 years and temporarily moved in with a cousin. The 55-year-old planned to use her $800-a-month disability check to get an apartment after back surgery. But she soon was sleeping in her old pickup protected by her…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Parks, Nagoya down league leader; Kiefer, Javi offensive onslaught not enoughRay Parks and the Nagoya Diamond Dolphins stage a furious fourth-quarter rally to shock the top-seeded Ryukyu Golden Kings in the Japan B. League.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Food Today Food Tomorrow: Empowering the urban poor through food securityThe COVID-19 pandemic and the resulting lockdowns necessary to halt its spread has laid bare the lack of support in various sectors of society. This was most evident in marginalized sectors, particularly the urban poor. READ:
Source: manilabulletin - 🏆 25. / 51 Read more »
Comelec pressed to act on OAV complaintsMANILA, Philippines — Poll watchdog Kontra Daya has called on the Commission on Elections (Comelec) to act urgently on alleged irregularities during the first week of overseas absentee voting
Source: cebudailynews - 🏆 8. / 71 Read more »