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Severe Income Inequality in the Philippines

May 20, 2018

by IBON Media

K Sk 2018 0518 Inequality

Despite being relatively high compared to other Asian countries, Philippine economic growth is lopsided in the interest of a few at the expense of the majority of poor Filipinos. High levels of wealth are concentrated in the hands of a few, while family incomes have stagnated in real terms, especially amid rising prices.