Philippines Real Time Monitoring of COVID-19 Impacts

Household's Coping Mechanism (%) Consumption reduction was among most used coping mechanism by poor households The most common coping mechanisms used by households include: • • Reduce consumption or shift to cheaper alternatives. ✓ About 4 in 5 of households in the bottom quintile reduced their food consumption. Three in five households delayed payment obligations. More than half of the households used their savings. About half of the households have borrowed from family and friends. Reduced consumption: food Reduced consumption: non-food Delayed payment obligations Relied on savings Borrow: Family & Friends Borrow: Credit card Borrow: Financial institution 0 20 40 60 80 88 Q1 - poorest ■Q5 richest ■ Overall 100

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