You cannot save. You constantly keep thinking about money.
Well I was able to get out of the country because I was able to save in dollars, at the end, savings = dollars, thats the mentality, I found bitcoin later.
But the sad thing is it is not stable. Venezuela is just an extreme case. The dollar they feel is stable for them is relatively stable. It is stable compared to the Bolivar.
Its stable enough to make a living i think, when you get use to highly inflationary environment. your time preferences get affected, you stop thinking on your retirement because you cannot effort the day before. You start putting more interest in things that give you fast rewards like drinking or partying.
I still have to understand that. How some people became so wealthy.
People with connections with the government, In Venezuela you cannot be rich if you are not with the government. No matter if you are honest, they will come after you if you are rich enough to get noticed.
Also, there is a lot of people who are involved with drugs, people who have a honest business just to wash the money but their real income come from drugs.