Filipino seniors remain vulnerable to poverty despite social safety nets—PIDS

Filipino seniors remain vulnerable to poverty despite social safety nets—PIDS

Many older Filipinos remain at risk of falling into poverty despite not being officially classified as poor, highlighting gaps in pension coverage and the need for a broader measure of economic vulnerability, according to state-run policy think tank Philippine Institute for Development Studies (PIDS).In a statement on Monday, Aug. 10, PIDS said a recent study found that while only 7.8 percent of senior citizens were classified as poor in 2023, 2…