, Pandemic survival modes: Cut food, pawn stuff, TheCircularEconomy.com

Pandemic survival modes: Cut food, pawn stuff

, Pandemic survival modes: Cut food, pawn stuff, TheCircularEconomy.com
Six in 10 Filipino households that experienced financial difficulties had to reduce their food intake or pawn their possessions to survive in the pandemic, according to the Asian Development Bank (ADB).

ADB’s Key Indicators for Asia and the Pacific 2021 report showed 64 percent of households were in financial distress and had to employ coping strategies.

These strategies, which included skipping meals as well as selling and pawning their possessions, were necessary to survive, given that only 36.7 percent of these families were covered by at least one social protection benefit.

Read the full article at: businessmirror.com.ph

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