53 pct of Filipinos consider themselves poor:SWS

ABS-CBN News

Posted at May 06 2014 09:30 AM | Updated as of May 06 2014 05:30 PM

MANILA – Majority of Filipinos consider themselves poor, the latest self-rated poverty survey from Social Weather Stations (SWS) said.

The result of the March 27-30 survey, first published on BusinessWorld, said 53% of the respondents, equivalent to 11.5 million households, claimed they were poor.

The first quarter of 2014 self-rated poverty figure is 2 percentage points lower compared to the last survey in December 2013 and a point higher than the 2013 average.

SWS said self-rated poverty dropped by 9 points in Metro Manila to 37 percent, four points to 64 percent in Visayas, and three points to 56% in Mindanao.

SWS said the March 2014 self-rated poverty rates are higher than the 2013 averages for Balance Luzon, Visayas and Mindanao. The first quarter figure for Metro Manila, on the other hand, is lower compared to the 2013 average.

Food poverty

Meanwhile, 39 percent of the respondents, equivalent to 8.5 million families, claimed they were poor in terms of food. This was down by two points compared to the figure in the December 2013 survey and was identical to the 2013 average.

Self-rated food poverty in Metro Manila and Mindanao both dropped by seven points to 25 percent and 40 percent, respectively. It slid by six points to 46 percent in Visayas, and rose by three points to 49 percent in Balance Luzon.

SWS noted the 2014 first quarter self-rated food poverty figures in Metro Manila, Visayas and Mindanao are lower than the 2013 averages, while it is higher for Balance Luzon.

Poverty threshold

Despite the drop in the self-rated poverty figure in the first quarter of the year, SWS said the self-rated poverty threshold was P15,000 in Metro Manila and P10,000 each in Balance Luzon, Visayas and Mindanao. SWS said these are the highest levels ever achieved in those areas.

Self-rated poverty threshold is defined as the "home expense budget that would satisfy the poorer half of the poor households" and "less than the minimum income that they need".