Upper Middle Class Income In The Philippines

41 924 to 73 367.

Upper middle class income in the philippines. Brazil china russia malaysia thailand among others. Between four and seven times the poverty line. Various government officials have been trumpeting with increasing frequency that the philippines is set to join the ranks of upper middle income countries by 2019. Simply stated your family should be earning p200 000 a month or p2 4 million a year to be considered rich in the philippines.

Upper middle income between seven and twelve times the poverty line. Combining all the figures above the rich comprise only 0 72 percent of all the households in the philippines. The middle class which earns 31560 78900 pesos per month is at around 3 6 million households. Between php 73 367 and php 125 772.

And to answer that the philippine institute for development studies pids has released its profile and determinants of the middle income class in the philippines which also expounds on the poor rich and more. What about those who are above. There s been much debate about what makes one poor middle class and rich. Between seven and 12 times the poverty line.

73 367 to 125 772. The middle class plays within the gap between the poor and the rich and based on these numbers. The lower middle class middle class and upper class have a combined strength of 45 8 percent of total households and two thirds 65 6 percent of total household income. Middle middle income between four and seven times the poverty line.

During the late 1970s the philippines entered lower middle income status and remained so. After middle income class only two classifications are left. The 14 fittest filipino celebrity couples the study by jose albert angelo santos jana. The rich the poor and the middle class rich people are indeed a rarity with rich families numbering only 20 000 or 0 1 of the total 17 4 million families in the country.

Upper income class but not rich. The philippine institute for development studies a nonprofit government corporation that serves as the state s primary socioeconomic policy think tank said in 2018. That s less than one percent of the population earning at least 20 times more than the majority of the population. The upper income class and the rich.

Written by marc adrian. Between php 41 924 and php 73 367. Between php 20 962 and php 41 924.