How Did The Philippines Become One Of Asia's Most Unequal Countries? | Insight
According to Oxfam, inequality is rising in Asia. The richest 10% of Asians capture 60% - 77% of national income. The poorest half? Just 12% - 15%. The Philippines is one of the most unequal countries in Asia. While the archipelago is aiming to become a middle-class society free of poverty by 2040, its top 1% of earners still capture nearly one fifth of the national income. The bottom half shares just 14 per cent.
Courtesy of CNA Insider on YouTube. Watch on YouTube ↗
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