• About
  • Advertise
  • Contact
  • Careers
  • EEO PUBLIC FILE REPORT
  • FCC Public File
  • FCC Applications
  • Privacy Policy
  • Terms of Use
Thursday, June 30, 2022
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
      • Second Screen
    • Milwaukee Brewers
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Flagship Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Money Talk with Dave Spano
      • Travel Wisconsin
  • Podcasts
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • WTMJ Extra
    • WTMJ Nights
    • Green & Gold Podcast
    • Brewers Extra Innings Podcast
    • First Pitch
    • Bucks Flagship Podcast
  • Features
    • Summerfest
    • WaterStone Bank – Salute to Service
    • Annex Wealth Management – WEBINAR – Understand Your WRS Pension Potential
    • WTMJ Cares – WI Humane Society
    • Wagner’s Home Improvement Showcase
    • Every Day Health
    • Gene Mueller Come Along Trip to Paris and Normandy
    • Discover Greece and Its Islands with John Mercure and Collette
    • Spotlight on San Antonio Holiday with John Mercure and Collette
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
  • Home
  • News
    • Local
    • National
    • Coronavirus
    • Featured Stories
    • Decision Wisconsin
    • Guest Editorials
  • Weather
    • Closings and Delays
    • Flight Status
    • Interactive Radar
    • Watches and Warnings
  • Traffic
    • Construction Updates
  • Sports
    • Green Bay Packers
      • Green & Gold Podcast
      • Second Screen
    • Milwaukee Brewers
      • Brewers Extra Innings
      • First Pitch
    • Milwaukee Bucks
      • Bucks Talk
      • Bucks Flagship Podcast
    • NCAA
    • Extra Points
  • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
    • WTMJ Nights
    • Wisconsin’s Weekend Morning News
    • WTMJ Conversations
    • Reporter’s Notebook
    • Featured Shows
      • Accunet Mortgage & Realty Show
      • Drake & Associates Retirement Ready Show
      • Every Day Health
      • Fix It Show
      • Money Talk with Dave Spano
      • Travel Wisconsin
  • Podcasts
    • The Steve Scaffidi Show
    • Jeff Wagner Podcast
    • WTMJ Extra
    • WTMJ Nights
    • Green & Gold Podcast
    • Brewers Extra Innings Podcast
    • First Pitch
    • Bucks Flagship Podcast
  • Features
    • Summerfest
    • WaterStone Bank – Salute to Service
    • Annex Wealth Management – WEBINAR – Understand Your WRS Pension Potential
    • WTMJ Cares – WI Humane Society
    • Wagner’s Home Improvement Showcase
    • Every Day Health
    • Gene Mueller Come Along Trip to Paris and Normandy
    • Discover Greece and Its Islands with John Mercure and Collette
    • Spotlight on San Antonio Holiday with John Mercure and Collette
  • Contests
LISTEN LIVE
No Result
View All Result
WTMJ
No Result
View All Result

Pension hike not enough for Venezuelans to afford basic food

AP News by AP News
April 9, 2022
in AP National, AP News, National
Share on FacebookShare on TwitterEmail

By SHAYLIM VALDERRAMA
Associated Press

CARACAS, Venezuela (AP) — 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.

Sequera, 72, and González, 74, worked for years as a seamstress and driver to build their two houses and raise their four children. But now, after 50 years of marriage, they rely on donations for food, medicines and clothing.

The government raised their combined monthly pensions from about $4 to roughly $60 last month. But it would have to be multiplied by six for them to be able to buy a basket of goods.

“Now that they have increased us to 130 (each), 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.

In Venezuela, the pension is the amount paid monthly to workers who retire after reaching 750 weeks of Social Security contributions and turning 55, in the case of women, and 60 for men.

Since 1995 — years before Hugo Chavez imposed in the South American country what he considered socialism — a pension is equal to the monthly minimum wage. Workers contribute between 2% and 4% of their salary to Social Security while employers pay an additional 9% to 11% on behalf of workers.

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.

Venezuela has just over five million pensioners, according to official figures. Annual inflation, which slowed last year but still reached 686.4%, has eaten up their pensions for years.

Although the country in the second half of the last decade experienced a severe shortage of food and hygiene items, prompting people to stand in long lines outside supermarkets to buy whatever they could, store shelves are now well stocked and display imported products. But high prices set in dollars make it impossible for much of the population to afford goods.

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.

Nonprofit organizations and churches fill some gaps, but it is not uncommon to see the elderly on the sidewalks of Caracas, the capital, selling candy or begging for money.

“I have to manage to get food. It’s not easy, because you’re of an age, you go out on the street and many people look at you with contempt,” Miriam Jiménez, 68, told The Associated Press after picking up a plate of food at a soup kitchen for the elderly in western Caracas. “One has to beg in the streets. Sometimes, a neighbor gives me something.”

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.

Luis Francisco Cabeza, director of Convite, a non-governmental organization focused on care for the elderly in Venezuela, said social security for the elderly population should not just be a pension. He said it should also include access to medicines, medical care and recreation.

“The pension is a system that seeks to protect you against the contingency of reaching old age,” he added. In Venezuela, the hospital system is precarious, so patients must bring all medical supplies to be treated.

Sequera has been diagnosed with two types of cancer this year, including a type of skin cancer that required an operation on her face. To pay for medical supplies, she sold two of her three sewing machines, which she used to mend neighbors’ clothes in exchange for money.

Pensioners protested dozens of times across the country last year. At the protests in the capital, some could be seen wearing broken shoes and worn clothes.

Sequera and González had a cup of coffee after finishing the plate of noodles and beans for lunch.

“Today, (at breakfast) we ate the last little egg. We are going to wait for another blessing to come out there,” González said.

“For the night, God will provide,” his wife interjected. “And if not, a glass of water and go to sleep,” González lamented.

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Previous Post

The Fix-It Show 4-9-22: Demet Bros. Roofing Pros

Next Post

EXPLAINER: What to do with closed nuke plant’s wastewater?

AP News

AP News

Stay Connected

  • 22.3k Followers
  • 1k Follower
  • 616 Subscribers

Most Popular

Boy Scouts from Appleton on board Amtrak train when it derailed in Missouri, rendered aid to wounded

Boy Scouts from Appleton on board Amtrak train when it derailed in Missouri, rendered aid to wounded

June 27, 2022
Only 7% of Wisconsin’s prison population has been vaccinated, eligibility began March 1st

Milwaukee man commits suicide at Milwaukee County Jail

June 27, 2022
Marquette Law Associate Professor Dr. Paul Nolette on Ruth Bader Ginsburg’s impact and what’s next for SCOTUS

U.S. Supreme Court overturns Roe v. Wade

June 24, 2022
Kia Boys documentary goes behind the scenes of Milwaukee’s car theft, reckless driving crisis

Kia Boys documentary goes behind the scenes of Milwaukee’s car theft, reckless driving crisis

June 2, 2022
GALLERY: Packers season ends in stunning upset at Lambeau Field

Double shootings leaves two dead in Milwaukee

June 25, 2022
WTMJ

For more than 90 years, WTMJ-AM has been "Wisconsin's Radio Station".

Follow Us

Home

News

Weather

Traffic

Sports

Shows

Podcasts

Features

Careers

Contests

Recent News

Live updates | NATO leaders mull North Africa, Middle East

June 30, 2022

Live updates | NATO leaders mull North Africa, Middle East

June 30, 2022
  • About
  • Advertise
  • Contact
  • Careers
  • EEO PUBLIC FILE REPORT
  • FCC Public File
  • FCC Applications
  • Privacy Policy
  • Terms of Use

© 2022 Good Karma Brands Milwaukee, LLC.

  • LISTEN LIVE
  • Home
  • News
    • News
    • Local News
    • Coronavirus
    • Decision Wisconsin
  • Weather
    • Weather
    • Watches and Warnings
    • Closings and Delays
    • Flight Status
  • Traffic
  • Construction Updates
  • Sports
    • Sports
    • Green Bay Packers
    • Milwaukee Brewers
    • Milwaukee Bucks
  • Shows
    • Shows
    • Wisconsin’s Morning News
    • Steve Scaffidi
    • Jeff Wagner
    • Wisconsin’s Afternoon News
    • WTMJ Nights
    • WTMJ Conversations
    • Featured Shows
  • Podcasts
  • Features
    • Features
    • Good Karma Give Back
    • WTMJ Roundtable
  • Contests
  • Alexa
No Result
View All Result

© 2022 Good Karma Brands Milwaukee, LLC.