Filipinos who save in cash lose from rising costs – study

For the average investor in Asia, including Filipinos, saving money in cash is the common and preferred practice despite its “limiting” effect on the growth potential of their assets.

A report by Manulife Asset Management, “One step forward, half a step back: Meeting financial goals in Asia,” cited the Filipinos’ inclination toward saving hard cash rather than putting the money in other investment instruments as a “key factor in limiting investment growth.”