Save, build and protect

Savings among Filipino households have reached an all-time high of 33.9 percent in the 2nd quarter of 2015, according to the BSP Consumer Expectations Survey released last June. The report further cited that the savings were intended for emergencies, education, health and hospitalization, retirement and business capital and investment.

While the report tells us that there is an increasing understanding of the importance of savings, it also tells us where the survey respondents mostly allocate savings. Clearly, there is appreciation of how savings can help them cope with emergency expenses, health, hospitalization cost and retirement.