The National Statistics Office (NSO) said that rich Filipinos’ income is over 10 times higher than poorest families’ income, according NSO data released on Thursday
In a statement, NSO Administrator Carmelita Ericta said that the 2012 Family Income and Expenditure Survey (FIES), which was done in 2012, showed an average of P715,000 yearly or P60,000 monthly income for the richest respondents, while the poorest were recorded with P69,000 yearly income or about P6,000 monthly.
“The gap in income between the richest and the poorest remain wide. The income of families in the richest decile is 10 times that of the poorest. This finding is true for both 2009 and 2012,” Ericta said.
According to the survey, the richest family-respondents spent P463,000 in 2012, with P252,000 total savings for the year. The poorest family-respondents on the other hand had debt, instead of savings as their “expenses exceed their income.”
“At 2006 prices, the income of families in all per capita income [levels]had hardly changed within the period 2009 to 2012,” Ericta said.
The 2012 FIES also showed that average Filipino families earn P234,000 annually—spending about P185,000 for the whole year, which translated to annual family savings of P49,000 per family.
“At the regional level—at 2012 prices—all regions exhibited an increase in average annual family income. Families in the National Capital Region had the highest annual income at P380,000 on average while families in Autonomous Region in Muslim Mindanao had the lowest annual income of P129,000 pesos, on average,” the NSO administrator said.
The family-repondents’ per capita income for 2012 was looked at and the pattern sending observed was mostly food expenditure, which accounted for 44 percent of the total family expenditure.
Food expenses was followed by house or rental fees with 12.5 percent and expenditure on water, electricity, gas and other fuels placed third with 8.9-percent share on yearly family spending.
For the bottom 30 percent of per capita income group, two thirds of their expenses accounted for food (62.7 percent) followed by house or rental expenditure (7.9 percent) and water, electricity, gas and other fuels spending (7.5 percent).
Ericta also said that upper-class families in the above 70 percent per capita income group, on the other hand, “spent 41.4 percent of their total expenditure on food, 13.3 percent on house or rental value and 9.1 percent on water, electricity, gas and other fuels.
The FIES of the NSO surveyed households nationwide and looks at family income and expenditure data in every three years with 2012 their most recent, 2009 the previous survey, and will be done again by 2015.
KRISTYN NIKA M. LAZO