Kabayan, Mayaman ka ba???
So, are you rich?
MANILA, Philippines - This year, to be counted in the country's elite segment, a family must earn at least P199,927 a month -- or about P2.39 million annually.
This is a leap from the minimum monthly income requirement of P166,673 (or about P2 million every year) back in 2006.
..."Since the results of the 2009 FIES have not been released, this study will use the results of the 2000, 2003 and 2006 FIES," Virola said in his latest column at the NSCB website. (Read his column here)
In 2006, Virola noted that only 19,738 families -- or 0.1% of the estimated 17.4 million families in the country -- belonged to the Philippines' elite segment.
...Based on the latest data, elite families don't only earn more -- they also spend more.
http://www.abs-cbnnews.com/lifestyle/07/05/10/so-are-you-rich
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