EFEBy Genesis Carrero Soto Caracas

An end-of-year bonus that once allowed Venezuelans to splurge on expensive items and throw lavish Christmas parties has lost all value and significance due to the steady erosion of consumers' purchasing power.

Four years of hyperinflation have caused the value of the bolivar to plummet and exacted a particularly hefty toll on wage workers, with the minimum monthly salary of 7 bolivars (equivalent to $1.50) now virtually worthless.