20% still living in poverty

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STILL POOR. Almost 20 percent of Filipino families are still living in poverty

The National Statistical Coordination Board or NSCB said poverty incidence among Filipino families fell only slightly in 2012 despite the Philippines’ high economic growth. NSCB Secretary General Jose Ramon Albert said the percentage of poor families is at 19.7% in 2012. It’s almost unchanged compared to the 2009 figure of 20.5% and 2006 figure of 21%.  Albert added the number of poor Filipino families rise to 4.2 million in 2012 from 3.8 million in 2006 because of the country’s growing population. The government considers a family poor if its monthly earnings are less than the poverty threshold. The poverty threshold for 2012 is P5,513 per month — the amount required for a family to meet basic food needs. JC Punongbayan, a young economist who works with the World Bank said Typhoon Yolanda single-handedly reversed years of progress in the war against poverty.

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