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.
BE YOUR OWN BOSS! Join
the most trending Online Negosyo now.
For only 17,888 you
can have 5 online shops of various food, health and beauty products, plus Ninja
Ion and Coppermask.
Reserve your slots
now. Send a message by clicking the button below.
Ask me how, leave me a message in https://www.facebook.com/siomai.online0212/
What can you say about this?
Share us your thoughts by simply
leaving on the comment section below. For more news updates, feel free to visit
our site often.
Stay updated with today's relevant
news and trends by hitting the LIKE button.
Thanks for dropping by and reading
this post.
Report from Esquire
Disclaimer: Contributed articles does not
reflect the view of THE PH
CHRONICLES. This website cannot guarantee the legitimacy of some of
the information contributed to us. You may do additional research if you find
some information doubtful. No part of this article maybe reproduced
without permission from this website.
0 Comments