NEDA: Pinoy middle-class lifestyle costs P194,000 a month

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NEDA: Pinoy middle-class lifestyle costs P194,000 a month - Business Mirror

Quick Summary:

A MIDDLE-CLASS lifestyle may cost about P194,000 a month for a family of four, "too much” for many Filipinos to afford, according to rough estimates made by the National Economic and Development Authority (Neda).

Part of the reasons that it has been a challenge to strengthen the middle class is, admittedly, a propoor bias in terms of policymaking.

The lower, middle, and upper-middle income classes, Albert said, may comprise about 40 percent of the population using 2021 data.