Household Income Classification Philippines

The income class system needs to be simplified because it is relevant in identifying beneficiaries of various government programs especially during the covid 19 pandemic angara said.

Household income classification philippines. This is the average monthly salary including housing transport and other benefits. Annual family income is estimated at php 313 thousand on average in 2018 in 2018 filipino families earned php 313 thousand on average. Recent newspa per and television broadcasts report that a family of five. Salaries vary drastically between different careers.

After middle income class only two classifications are left. The upper income class and the rich. Average household size is 4 to 5 persons. In comparison their expenditure for the same year was php 239 thousand on average.

The low income class the middle income class and the high income class. Based on the same poverty threshold number the former must make between p125 772 and p209 620 in a month and the latter anything beyond those numbers. Annual data was reported at 7 754 485 767 339 php th in dec 2018. Three primary social classes exist in the philippines.

By income class ic. The middle income class is said to earn an average of p36 934 per month while the low income segment earns an average of p9 061 per month. Specifically the middle income class. A person working in philippines typically earns around 44 600 php per month.

Data from the pids showed that as of 2018 there were 8 4 million low income families in the country and 7 5 million lower middle income families in the country. It is good to know that the fies report has those details unfortunately it is still not detailed enough. Salaries range from 11 300 php lowest average to 199 000 php highest average actual maximum salary is higher. Nearly half of the families in metro manila fall under the php100 000 249 000 us 2 000 4 980 annual income class.

The rich information sourced from household surveys makes analyzing the behavior and characteristics of the middle income class convenient. The latest family income and expenditure survey 1 by the philippine statistics authority psa shows that majority 58 4 of filipinos belong to the low income class while the middle class comprises around 40 of. On the other hand poverty threshold is the minimum income required to meet the basic food and non food needs such as clothing fuel light and water housing rental of occupied dwelling units transportation and communication health and education expenses non durable furnishing household operations and personal care and effects. Annual data is updated yearly averaging 2 721 676 998 852 php th from dec 1991 to 2018 with 10 observations.

For example if a family s monthly income is around p80 000 can this be considered high income or middle income. This records an increase from the previous number of 6 068 162 000 000 php th for dec 2015.