The International Labour Organisation published the “World Social Protection Report”. It gives a complete overview of the recent developments in social protection systems. The report reveals that 4.1 billion people in the world live without any social safety net.
Covid 19 has further worsened their situation. It has underscored the importance of universal social protection.
Key Points from the world social protection report 2020–22
- Social Security prevents deprivation and assures individuals of a basic minimum income. It includes access to income security and health care.
- In 2020, 46.9% of people benefitted from one protection due to social security.
- COVID-19 majorly challenged people without security. For instance, persistent poverty, rising inequality, extensive informality, and weak social contract.
- 84% of people in Europe and Central Asia have a high rate of coverage.
- 64.3% of Americans have social security coverage. While Asia and Pacific have 44%, the arab states have 40% and Africa has 17.4%
- Countries spend an average of 12.9% of GDP on social protection. However, it is a reduced rate according to the country’s economic status.
- Many children don’t have any access to social security. Only one in four children receives protection benefits.
- Only 18.6% of unemployed people have social coverage and receive benefits.
- Considerable progress has taken place in increasing population coverage. However, countries still lack healthcare coverage.
Read the entire report here:
