ICYMI: Around 2.3 million Filipinos have been plunged into poverty between 2018 and 2021, as the coronavirus pandemic left lasting scars on the Philippine economy, according to the Philippine Statistics Authority (PSA). Read:
have been plunged into poverty between 2018 and 2021, as the coronavirus pandemic left lasting scars on the Philippine economy, according to the Philippine Statistics Authority .
“The effects of the COVID-19 pandemic, including income and employment losses, caused the poverty incidence to rise. Restrictions on mobility and low earning capacity of poor households due to limited access to regular and productive jobs made the lives of Filipinos difficult,” Mr. Balisacan said at a press briefing on Monday.
In absolute numbers, this translated to 6.545 million Filipinos falling below the monthly food threshold in 2021, 1.005 million more than 5.541 million in 2018. This was equivalent to 1.039 million families whose income fell below the food threshold, about 200,000 more than the 840,000 families in 2018.
This meant that incomes of poor families fell by 22.6% short of the poverty threshold. In other words, a family with five members needed an additional monthly income of about P2,719 to emerge from poverty in 2021. Analysts said that the new administration will have to come up with ways to provide support and to create more quality jobs to bring down poverty levels.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How income inequality compared across regions in 2021 - BusinessWorld OnlineAROUND 2.3 million Filipinos have been plunged into poverty between 2018 and 2021, as the coronavirus pandemic left lasting scars on the Philippine economy, according to the Philippine Statistics Authority (PSA). READ
Read more »
US Air Force secretary: China’s actions around Taiwan increase riskU.S. Air Force Secretary Frank Kendall said that China’s actions around Taiwan increase the level of risk and he hoped that China’s behavior returns to the norms that were established before. | Reuters
Read more »
Compulsive heterosexuality: Do I want men or do I just want them to want me?The lesbian experience is often described as isolating – because, in a world built by men for men, you'd have to unlearn the societal conditioning that your life must revolve around them.
Read more »
Mindanao coffee farmers earn higher after Nescafé trainingSome 1,500 small coffee farmers in Mindanao have increased their yield and income by around 64 percent and 45 percent, respectively, in 2021. The increase in harvests came after the completion of t…
Read more »
Goodbye old plastics;hello bioplastics! - BusinessMirrorBelgian chemist Leo Baekeland developed the first synthetic plastic in 1907, which sparked a consumer boom in affordable yet highly desirable products that could be easily mass-produced. Since then, plastic has been used for an incredible variety of products around the world. But the widespread adoption of plastics has not been without adverse consequences to people’s health and
Read more »
This Could Be the #1 Fruit for a Longer Life, New Study SaysThe next time you're craving some fresh fruit, you might want to grab a few grapes. Not only are they a tasty treat, but they can also help you live longer, according to a new study.In the study, recently published by the Foods journal, when around two cups of grapes were added to a daily diet that included a high quantity of high-fat foods, it resulted in lower issues with fatty liver, raised the levels of antioxidant genes, and increased lifespan. Though the study's subjects were mice rather t
Read more »