According to the Socioeconomic Planning Secretary Ernesto Pernia, a family of five needs to have a monthly household income of at least ₱42,000 to live above the poverty line. This amount is an aggregate of all the incomes in the household, assuming the heads of the family (parents) earn ₱21,000 each. This amount may seem like a fair estimate especially if you live in big cities like Metro Manila, but is every Filipino household earning as much or close to the said figures?
To substantiate these findings further, we are running a survey to breakdown the actual monthly budget for Filipino households to cope with the cost of living. How many Filipinos are above or within that income threshold? How many are not? What are the actual spending habits and priorities of Filipino families to stretch their salary further?
Take this survey and share with us your monthly budget!
The post Is The Minimum Wage Enough For The Average Filipino? Let’s Find Out! appeared first on iMoney.ph.