The latest results of a Social Weather Stations (SWS) survey shows that the number of Filipino families who consider themselves impoverished is at an all-time low.
The survey consulted families across the nation from March 28-31, 2019 to find whether or not they would label themselves as poor.
The results showed that a record-low 38 percent of Filipino families would actually classify themselves as poor. This is estimated to represent 9.5 million families.
“This is 12 points below the 50 percent (est. 11.6 million) in December 2018, and 4 points below the previous record-low of 42 percent in September 2016 and March 2018,” the SWS reported.
The Self-Rated Poverty score of the country suffered a 10-point rise during the first three quarters of 2018.
The SWS further reported that the proportion of Self-Rater Poor families rose during this same period, from 42 percent in March 2018, to 48 percent in June 2018, to 52 percent in September 2018. The survey results from December 2018 saw a two point decrease before the massive decline this survey round.
These figures reflect nationwide Self-Rated Poverty incidence decreases. The overall decline is broken down into 16 points in Balance Luzon, 12 points in Mindanao, six points in the Visayas, and two points in Metro Manila.
Mindanao had the largest decrease from December 2018 to March 2019, going from 49 percent to 37 percent.
The same survey also found a new record-low 27 percent (est. 6.8 million) of Filipinos rating their food as Mahirap or Poor, termed by SWS as Food-Poor.
The March 2019 survey of the SWS further reported that 15.3 percent of Filipino familiar are just newly out of poverty. Of the 62 percent Self-Rated Non-Poor families, it said 15 percent used to be poor 1-4 years ago (newly non-poor) and 20 percent used to be poor five or more years ago (usually non-poor).