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Philippine poverty falls to record low, but many still feel insecure

The Philippines has cut its official poverty rate to below 10 per cent for the first time, a milestone officials hailed as proof that millions of Filipinos are climbing the economic ladder. Yet for families like Vhan Castro’s, there is a big difference between being officially counted as middle class and actually feeling financially secure. The 34-year-old earns an average of 40,000 pesos…

Philippine poverty falls to record low, but many still feel insecure

We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.

Read the original at scmp.com →

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