Rich people in the Philippines own 1/3 of incomes

January 12, 2008

Stocks, Mutual Funds, Forex, Finance Philippines

Make Money Online, Stocks, Mutual Funds, Philippines

An Inquirer article published today reported that the richest 10% of families in the Philippines holds more than a third of the country’s total income.

According to the National Statistics Office, the richest 1.74 million families earned 36% of the aggregate family income of around P3 trillion ($74 billion) in 2006.

Who are these families? Well, they include the Ayalas, the Sys, the Tans, the Tys, and the rest of the 40 richest Filipinos.

How about the family of Juan de la Cruz? According to the same report, the average income of a Filipino family is $12 a day or $4,380 a year, or roughly P180,000 per year.

Only goes to show how the income disparity between the poor and the rich in the Philippines just keeps on getting bigger.

Although the government should be tasked to help uplift the lives of the poor, the poor themselves should also strive harder to make money.

Rather than irresponsibly spending hard-earned money on malls that only makes the Ayalas and the Sys richer, people should invest and grow their money or use it to start their own business.

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Topic keywords for this post:

percentage of poor people in the philippines 2012 and rich people
rich governors of the philippines
statistics of rich filipinos

Written by James | PinoyMoneyTalk.com · Filed Under News & Current Events

Join the discussion! Post a comment below

http://www.moonburst-tones.blogspot.com Moonburst

I think that it will always be that way. The rich getting richer and the poor getting poorer. We do need the help of the government the most. We also need to keep our skilled people here in the Philippines instead of witnessing the exodus of talented and skilled people. When that will happen? I don’t know, but hopefully we can change it soon. Maybe I will be in that top 40 in the next 10 years? Hehe, here’s to hoping.
http://www.pinoymoneytalk.com James | PinoyMoneyTalk.com

Yup, it’s been that way not just in the Philippines but also in other countries. But it gets more alarming if the income disparity widens, and that’s when the government should really step in. Still, although I believe the government has a hand on this thing, the people themselves should not just wait until the government helps them. They should not just rely on the government and instead try to help themselves.

Be in the Richest 40 in the next 10 years, Moonburst? That’s not impossible! I’m sure you can do it. Let us know once you’ve gotten into the list. ;)
http://gmail.vom anu

it’s ok to be poor in the philippines. at least, you will no be branded as something lower than a maggot-infesting-excrements like those selfish & soul less maggot-infesting-excrements.
http://www.facebook.com/people/Rsvas-Vas/100002592093720 Rsvas Vas

TO

THE CHAIRMAN

GROUP OF COMPANIES

namastey we are the n.g.o.with regestered by govt.no.309/2004.

please see our websites and

donate. online to our account

sir our society concentrating on women development from 10 years.

MERCY

MERCY MERCY ON POOR PEOPLE

http://www.poorwelfare.org

and http://www.poorpeoplewelfare.net

in the support us column our bank details are there sir,

please kindly help our trust

thank you sir

Bank A/c No:070010100191203.

IFSC:UTIB0000070

SWIFT CODE :AXISINBB070

sir we are doing works for rural poor providing them education,aids

work, developing them and arts and cultural programmes.

our society doing seva to christian poor people and also to all poor

people from 2004 may on wards..my aim is for this janma given

by god we have to serve poorpeople, elder people and other

blind people,mentally handicapped people and also those children

left out their elders(old age persons–this ishearting my heart),from

childhood my ambition is to do for poor people

WE GOT THE ONE OF THE BEST SEVA SOCIETY AWARD OF ALL INDIA.

WE ARE DOIG SEVA WORKS FOR AID PEOPLE.

OUR SOCIETY SINCERLY DOING HIGHLEVEL SEVA TO WOMEN DEVELOPMENT

SOCIETY PERFORMING ARTS PROGRAMMES ALSO AND ALSO CULTURAL PROGRAMMES

BUDGET PERMITTS WE WILL DO LOT WORKS FOR POOR

sir we are serving all poor people like giving food and shelter

and education every day with lot ot of sincearity.oldage people and

mentally handicapped people and blind people are there. since 10

years we are doing with reality with god,s grace.

every day we are facing difficulties about fund. please

arrange permanant fund for our society to poor people

sir permanant deposit for food for poor people we want only

rs. 5 crores.i.e. 11 lakh dollars.on this deposit we will do the anndanams and free services and development to

poorpeople.
http://www.facebook.com/people/Rsvas-Vas/100002592093720 Rsvas Vas

TO

THE CHAIRMAN

GROUP OF COMPANIES

namastey we are the n.g.o.with regestered by govt.no.309/2004.

please see our websites and

donate. online to our account

sir our society concentrating on women development from 10 years.

MERCY

MERCY MERCY ON POOR PEOPLE

http://www.poorwelfare.org

and http://www.poorpeoplewelfare.net

in the support us column our bank details are there sir,

please kindly help our trust

thank you sir

Bank A/c No:070010100191203.

IFSC:UTIB0000070

SWIFT CODE :AXISINBB070

sir we are doing works for rural poor providing them education,aids

work, developing them and arts and cultural programmes.

our society doing seva to christian poor people and also to all poor

people from 2004 may on wards..my aim is for this janma given

by god we have to serve poorpeople, elder people and other

blind people,mentally handicapped people and also those children

left out their elders(old age persons–this ishearting my heart),from

childhood my ambition is to do for poor people

WE GOT THE ONE OF THE BEST SEVA SOCIETY AWARD OF ALL INDIA.

WE ARE DOIG SEVA WORKS FOR AID PEOPLE.

OUR SOCIETY SINCERLY DOING HIGHLEVEL SEVA TO WOMEN DEVELOPMENT

SOCIETY PERFORMING ARTS PROGRAMMES ALSO AND ALSO CULTURAL PROGRAMMES

BUDGET PERMITTS WE WILL DO LOT WORKS FOR POOR

sir we are serving all poor people like giving food and shelter

and education every day with lot ot of sincearity.oldage people and

mentally handicapped people and blind people are there. since 10

years we are doing with reality with god,s grace.

every day we are facing difficulties about fund. please

arrange permanant fund for our society to poor people

sir permanant deposit for food for poor people we want only

rs. 5 crores.i.e. 11 lakh dollars.on this deposit we will do the anndanams and free services and development to

poorpeople.
http://www.facebook.com/people/Rsvas-Vas/100002592093720 Rsvas Vas

TO

THE CHAIRMAN

GROUP OF COMPANIES

namastey we are the n.g.o.with regestered by govt.no.309/2004.

please see our websites and

donate. online to our account

sir our society concentrating on women development from 10 years.

MERCY

MERCY MERCY ON POOR PEOPLE

http://www.poorwelfare.org

and http://www.poorpeoplewelfare.net

in the support us column our bank details are there sir,

please kindly help our trust

thank you sir

Bank A/c No:070010100191203.

IFSC:UTIB0000070

SWIFT CODE :AXISINBB070

sir we are doing works for rural poor providing them education,aids

work, developing them and arts and cultural programmes.

our society doing seva to christian poor people and also to all poor

people from 2004 may on wards..my aim is for this janma given

by god we have to serve poorpeople, elder people and other

blind people,mentally handicapped people and also those children

left out their elders(old age persons–this ishearting my heart),from

childhood my ambition is to do for poor people

WE GOT THE ONE OF THE BEST SEVA SOCIETY AWARD OF ALL INDIA.

WE ARE DOIG SEVA WORKS FOR AID PEOPLE.

OUR SOCIETY SINCERLY DOING HIGHLEVEL SEVA TO WOMEN DEVELOPMENT

SOCIETY PERFORMING ARTS PROGRAMMES ALSO AND ALSO CULTURAL PROGRAMMES

BUDGET PERMITTS WE WILL DO LOT WORKS FOR POOR

sir we are serving all poor people like giving food and shelter

and education every day with lot ot of sincearity.oldage people and

mentally handicapped people and blind people are there. since 10

years we are doing with reality with god,s grace.

every day we are facing difficulties about fund. please

arrange permanant fund for our society to poor people

sir permanant deposit for food for poor people we want only

rs. 5 crores.i.e. 11 lakh dollars.on this deposit we will do the anndanams and free services and development to

poorpeople.
Harriv

masikap naman ang mga Pinoy..believe me there are millions of hardworking pinoys and pinays.may mga greedy biznesmen lang who do not play fair…yung owner ng puregold siguro may ambition makasama sa top 10..at the expense ng mga employees nila..hindi nagbabayad ng legal na sahod yan sa mga employees at contractuals..hindi rin nagbabayad ng overtime pay yan..ang mga empleyado obligado mag ot pro walang OT pay lam nyo ba yun?