Nearly a third of Filipino households can set aside savings for the current quarter, according to the latest survey results released by the Bangko Sentral ng Pilipinas (BSP). Know more:
NEARLY a third of Filipino households can set aside savings for the current quarter, according to the latest survey results released by the Bangko Sentral ng Pilipinas .
“The increase in the overall percentage of savers was mainly due to the higher percentage of households with savings in the low- and middle-income groups, which outweighed the decline in the percentage of savers in the high-income group,” BSP said. Meanwhile, the percentage of those that would set aside less than 10 percent for their savings rose to 64.8 percent from 62.1 percent in Q4 2022
“According to the respondents, they saved money for the following reasons: emergencies, health and medical expenses, retirement, education, and house purchase,” BSP said.THE BSP data showed 22.8 percent of households or 1 in every 5 households availed of a loan in the last 12 months, which is lower than the 24 percent recorded in the previous quarter’s survey results.
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