About 59 percent of Filipinos or some 16 million families are poor and hungry, according to a September 2024 survey of social research institution Social Weather Station. This means that these families either do not have the means to buy enough food to feed their family, or whatever meager capacity they have to buy food, food prices are way beyond their reach.

This number of poor and hungry Filipinos is the highest since the Covid-19 pandemic hit the country in 2020 and debunks the hype of economic growth claimed by the regime.

Economic think tank Ibon Foundation said the Philippines now ranks as among the most food insecure nations in Southeast Asia from 2021-2023.  According to Ibon Foundation, Filipinos cannot buy even the cheapest food. It's not just food availability and the prices, but the purchasing power of the Filipino, it stressed.

The Marcos Jr. regime is in power not to solve hunger and poverty and bring about genuine economic growth and development through land reform and national industrialization but to preserve the semicolonial and semifeudal character of the Philippines.

Amidst rising poverty, hunger, and hardship faced by the Filipino people, Marcos Jr. and his family continues with their never-ending addiction to luxury and extravagance, squandering millions of pesos of the people's money.

Recently, Marcos Jr. built a “resort-like” presidential home in the Malacañang grounds, the so-called “Bahay Pangulo” (Presidential House), which victims of the Marcos Sr. fascist dicatorship have denounced. The Campaign Against the Return of the Marcoses and Martial Law (CARMMA) said the people's welfare has been displaced and disregarded just so the Marcoses could enjoy their self-indulgent lifestyle.

The CPP, in a statement also denounced this latest misuse of the people's money.

“Amid rising poverty, hunger, and hardship faced by the majority of the Filipino people, the Malacañang home-resort, the so-called Bahay Pangulo, stands as an obscene display of the Marcoses’ opulence. It reflects the repugnant lifestyle made infamous by Marcos matriarch Imelda. Manang-mana sa ina! He is enjoying his life so much in Malacañang, it will come as no surprise if he is planning to extend his stay,” the CPP said.

The CPP also said: Marcos’ home-resort is a clear manifestation of how bureaucrat capitalists exploit their positions in the Philippine government to indulge in privilege. Marcos is odious for using public money to jetset, fly helicopters to avoid road traffic, hold private concerts and other lavish spending.

The CPP also stressed that the Marcoses have been using their power and influence to have corruption charges against their family dismissed one by one, paving the way for the retrieval of hundreds of billions of pesos worth of stolen wealth. At least ₱2.3 billion of people’s money are now back in the pockets of the Marcoses.

“By having his Malacañang home-resort built, Marcos erected a grave symbol of the oppression of the Filipino people,” the CPP said.