San ka? Classification if your Poor, Middle Class, or Rich in the Philippines

San ka? Classification if your Poor, Middle Class, or Rich in the Philippines

 


In the Philippine setting there is a discussion and confusion with respect who are poor, middle class, and rich. Except for the ultra rich which are very few in our country the problem lies as to the classification of poor and middle class.

 

Government can address the problems of the society if it can classify the correct category of the social classes, all because for each class there are different problems that are peculiar to their current state.

 

So a classification of the appropriate social class is a must. Government policies and programs will be tailor fiT to those who are asking government for help.

(photo credit to owner)

 


A 2018 study conducted by  Jose Albert, Angelo Santos, Jana Vizmanos, divides the social classes into poor, low-income but not poor, lower-middle, middle, upper-middle, upper-middle but not rich, and rich. The brackets were determined depending on pooled monthly income.

The largest income group in terms of households and persons are the low income (but not poor), while—no surprise—the rich made up the least with 143,000 households and 360,000 persons.

See below what makes a Filipino poor, middle class, or rich below.

 

(photo credit to owner)

 

 

September last year, several senators made an inquiry to the  National Economic and Development Authority (NEDA) and asked them to create a new economic classification system to help policymakers with several government programs.

And with the pandemic, there is a need to further to re-classify the standards we have today, as it is poor households is expected to have a significant increase, the Philippine Institute for Development Studies (PIDS)’ study needs to be updated.

There are [a total of] 26 million families as of the latest projections. Out of the 26 million, 18 million are low-income—low-income meaning below the minimum wage of their region but not necessarily poor because the government defines the poor as those below the poverty threshold," NEDA chief Karl Kendrick Chua said.

 

 

 

 

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Report from Esquire

 

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