Filipino optimism over quality of life, economy remains 'excellent': SWS

ABS-CBN News

Posted at Aug 16 2018 02:30 PM | Updated as of Aug 16 2018 07:05 PM

Filipino optimism over quality of life, economy remains 'excellent': SWS 1
Street children wait to sell Sampaguita flowers at the CCP area in Manila, June 5, 2017. Jonathan Cellona, ABS-CBN News


MANILA- Filipino optimism over the quality of life remained "excellent" despite a slight decline in their outlook on the economy, a Social Weather Stations (SWS) survey revealed Thursday.

The June 2018 survey found that 49 percent of Filipinos expect their personal quality of life to improve in the next 12 months and are considered "optimists," a far contrast from the 5 percent of Filipinos who expect their personal quality of life to worsen or the "pessimists."

Filipino optimism over quality of life, economy remains 'excellent': SWS 2

This is equivalent to a net optimism score of +44 "excellent," a slight increase from last quarter's +40.

Meanwhile, 43 percent of Filipinos are optimistic that the Philippine economy would grow next year while 13 percent feel that it would deteriorate.

Filipino optimism over quality of life, economy remains 'excellent': SWS 3

This brings the net optimism score on the economy to +30 "excellent," only a drop from the +31 recorded in March 2018.

Net personal optimism according to SWS refers to expectations in personal quality of life while net economic optimism refers to expectations about the general Philippine economy.


GAINERS AND LOSERS

The survey also found that 32 percent of Filipinos said their lives improved over the past year (gainers) while 27 percent said their lives worsened (losers), for a net gainers score of +5 "high."

Filipino optimism over quality of life, economy remains 'excellent': SWS 4

This is 15 points below the +20 "excellent" net score in March 2018 and is the lowest since the +3 "high" recorded in April 2016, SWS said.

Among self-rated poor families, net gainers fell to -3 "fair" from +8 "high."

It also fell among non-poor families to +12 "very high" from +28 "excellent" in March this year.

SWS earlier reported that 48 percent or around 11.1 million families view themselves as poor.