Friday , January 22 2021

Self-rated poverty falls to new record low: SWS

The number of Filipinos who consider themselves poor has fallen to a new record low of 38% in the first quarter of 2019, a Social Weather Stations (SWS) survey showed on Tuesday.

The number, which translates to about 9.5 million families, is 12 points below the 50 per cent recorded in December 2018 and 4 points below the previous record of 42 per cent in September 2016 and March 2018.

SWS attributed declines to decreases in all regions: 16 points in Balance Luzon (35%), 12 points in Mindanao (37%), 6 points in Visayas (55%) and 2 points in metropolitan Manila (28% ).

Of the 38 percent self-rating poor families, 26 percent said they were "always poor," while the remaining 12 percent fell in poverty.

Of the 62 percent who qualified themselves as non-poor, a record 15 percent said they have moved out of poverty.

The survey also found a record low of 27 percent, or 6.8 million families, who consider themselves "poor in food."

The rating is down 7 points from 34% in the previous quarter and down 2 points from a previous record of 29% in March 2018.

There were 11 points in Mindanao (27%), 7 points in Balance Luzon (24%), 3 points in the metropolitan area of ​​Manila (19%) and 2 points in Visayas (42%).

Respondents across the country said they needed a monthly budget of P10,000 not to be considered poor.

The first-quarter survey was conducted March 28-31, 2019. It has a margin of error of ± 2.6% for national numbers.

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