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More Filipinos Feel they are Worse Off Print E-mail
Written by Pinoy Entrepreneur, on 24-11-2008
 
If you feel that you're worse off this year, don't be hard on yourself -- you're not alone. More Filipinos feel that they are worse off now than last year, and, worse (pun intended), a higher percentage thinks most Filipinos are “losers” now compared to a year ago. This is part of the study result of Pulse Asia's October 2008 Nationwide Survey on Quality of Life (QOL), Comparative State of the National Economy, and American Financial Crisis. The face-to-face field interviews for the project were conducted from 14 to 27 October 2008. 

The highlights of the study are as follows:

  • A majority of Filipinos (58%) is worse off now than last year (i.e., “losers”) while an even higher percentage (78%) thinks most Filipinos are “losers” now compared to a year ago. 
  • With respect to the next 12 months, pessimism is the predominant public sentiment – both at the personal and national levels (44% and 67%, respectively).
  • Indications of easing for some: Fewer Filipinos now consider themselves to be losers than in July 2008 (-17 percentage points), levels of personal pessimism decline (-20 percentage points) between July and October 2008, and the most marked movement in national QOL figures is the 12-percentage point drop in level of pessimism.
  • A big majority of Filipinos (79%) considers the national economy to have deteriorated in the past three years – a sentiment shared by big majorities (72% to 86%) in all geographic areas and socio-economic classes.
  • About half of Filipinos (49%) believes the American financial crisis may have a great impact on the Philippine economy and most of them feel the crisis would have disastrous consequences for most Filipinos in general (78%) as well as for their own families (63%).

It doesn't help that a rough financial sea lies ahead, even among overseas Filipino workers or OFWs. Let's consider the news. At least 781 OFWs have been laid off in Taiwan, as reported in Inquirer, and that's just in Taiwan. Another report says the 2008 Christmas holiday may turn out to be the gloomiest since the Philippines was gripped by political turmoil after the ouster of Joseph Estrada in 2001. There's no doubt more effort to save is important in this time of financial turmoil.

So, let's hear what you have to say through an informal survey. Do you feel worse off this year as compared to last year? (Update: The poll ran from November 24-December 19 with these results: Yes -- 88 votes (77.1%); No -- 18 votes (17.1%); I don't care -- 6 votes (5.7%). You could still express your views through the comment section below.

 

Published in : Topics, Polls

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