Many Filipino households still one shock from poverty—PIDS
Despite years of poverty reduction in the Philippines, many households—including a large share of the emerging middle class—remain highly vulnerable to economic shocks that could push them back into poverty, according to the Philippine Institute for Development Studies (PIDS).
In a policy note titled “Escaping Poverty Is Not Enough: Vulnerability, Risk, and the Fragile Middle Class in the Philippines,” published on Thursday, March 5, researchers at the state-run think tank said improvements in income poverty have not fully translated into lasting economic security for many Filipino families.
“Poverty reduction alone does not guarantee economic secur
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