Nearly 60 percent of Filipino families now consider themselves non-poor, a record improvement over the past four years, the latest Social Weather Stations (SWS) survey showed. In addition, one in every three Filipino families escaped poverty in recent years. Self-rated povertyThe SWS said 42 percent of families were now “self-rated poor,” 29 percent of which were “always poor.” Four years ago, self-rated poverty stood at 52 percent. The SWS noted that when the question was first asked, nationwide self-rated poverty was at 52 percent, whereinalmost three out of five self-rated poor families, or 30 percent of families overall, said they had always been poor. “December 2014 was also the quarter with the highest rate of newly poor families at 10.7 percent,” SWS said.

Source: Manila Times May 05, 2018 16:18 UTC