This year marks 40 years since the pioneer national survey of Self-Rated Poverty (SRP) in the Philippines, done in April 1983, which discovered that 55 percent of household heads interviewed rated
The SRP question was re-surveyed nationwide in exactly the same way in July 1985, then twice a year in 1986-91 , and then at least quarterly ever since 1992 .
As of the end of 2022, four decades later, fully HALF of all Filipino families are Poor, and only ONE-FIFTH are Not Poor, despite a doubling in income per person in real terms, i.e. corrected for inflation. So much economic growth, but so little of it shared. The most important correlate of SRP is the rate of inflation. An easy money policy will quickly hurt the poor.
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