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Oct 27, 2016 @ 6:36

Food accounts for 60% of poor families’ budget, just 39% for the better off

Poorer families spend more on food in relation to their total expenditure, compared to those who are earning more.

According to the Philippine Statistics Authority’s Family Income Expenditure Survey 2015, the bottom 30 percent of the population spend 59.7 percent of their money on food while those in the upper 30 percent only spend 38.8 percent of their money on food.

On the average, however, Filipino families allot 41.9 percent of their budget on food.

Poorer families also spend more on tobacco than those who are better off.

According to the 2015 FIES, those in the bottom 30 percent spend 1.9 percent of their money on tobacco while those in the upper 30 percent only spend one percent of their budget on tobacco. On the average, however, Filipino families spend 1.1 percent of their budget on tobacco.

Also, the poorer families spend more on alcohol in relation to their total budget. Those in the bottom 30 percent spend 0.7 percent of their money on alcohol, higher than the average of 0.5 percent which is also the same as that reported for those in the upper 70 percent.



 

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