GOOD PRACTICES OF MEASURING POVERTY RATES
GOOD PRACTICES OF MEASURING POVERTY RATES Is the Philippines Measuring Poverty Accurately? Poverty measurement has long been a crucial issue in the Philippines. With millions of Filipinos struggling to meet their daily needs, the question remains: Are we measuring poverty accurately, and are we using the right tools to address it? The Philippine government, primarily through the Philippine Statistics Authority (PSA) , determines poverty rates using various methodologies. Traditionally, the measurement focused on a basic "basket of goods" , determining the minimum income needed to afford essential food and non-food items. But with economic changes and the evolving needs of Filipinos, is this method still relevant? The "Imaginary Basket of Goods": Outdated or Still Effective? One of the longstanding methods of poverty measurement in the country is the food threshold approach , where the government sets a minimum amount needed for a person to afford a basic s...