lørdag 26. oktober 2024

Poverty Is Rising And Inequality Widening In Asia And The Pacific

The findings in Protecting our Future Today: Social Protection in Asia and the Pacific report reveal that poverty, both in monetary and non-monetary forms, is rising while inequalities in income and wealth are widening across the region. The number of people in vulnerable situations in the region is expected to rise, as negative shocks continue to hit amid prevailing inequalities. And access to basic opportunities and services also remains too often a distant goal for many.

Most concerning, 45 per cent of people in the region have no social protection coverage at all. Millions of people living just above the national poverty line are vulnerable to shocks. Without stronger social protection systems, 266 million people could be pushed into poverty in 2040 under a worst-case scenario.