consumer finance survey - bangko sentral ng pilipinas · consumer finance survey 2014 a survey...

Consumer Finance Survey

A survey conducted by the

Department of Economic Statistics Bangko Sentral ng Pilipinas

Manila, Philippines

www.bsp.gov.ph

TABLE OF CONTENTS

I. About the Survey . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

II. Key Findings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

A. Demographic Characteristics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1. Respondent’s Residence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Other Real Property Ownership (Apart from Respondent’s Residence). .

3. Ownership of Vehicles and Other Non-Financial Assets . . . . . . . . . . . . .

4. Financial Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Insurance and Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Inheritance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Credit Cards and Other Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Income and Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1. Work and Income of Respondents and Spouses. . . . . . . . . . . . . . . . . . . . .

2. Businesses Including Self-Employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Total Income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D. Preferences and Behaviors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. Respondents’ Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

6

7

12

14

19

23

25

26

28

28

31

33

33

35

36

III. Policy Implications and Recommendations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37

IV. Statistical Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A. Demographic Characteristics. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Assets and Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1. Respondent’s Residence . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Other Real Property Ownership (Apart from Respondent’s Residence). .

3. Ownership of Vehicles and Other Non-Financial Assets . . . . . . . . . . . . .

4. Financial Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Insurance and Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6. Inheritance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7. Credit Cards and Other Loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Income and Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1. Work and Income of Respondents and Spouses . . . . . . . . . . . . . . . . . . . .

2. Businesses Including Self-Employed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Total Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. Expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

D. Preferences and Behaviors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. Respondents’ Profile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

38

39

39

43

44

49

53

56

56

59

62

67

70

71

78

79

C o n s u m e r F i n a n c e S u r v e y 2 0 1 4



Manila, Philippines

www.bsp.gov.ph

I. About the survey

The Consumer Finance Survey (CFS) is a nationwide quadrennial survey on consumer finances among

Filipino households. The CFS generates data on the financial conditions of households, including what

they own (financial and non-financial assets) as well as from whom and how much they borrow (sources

of credit and level of indebtedness). It also generates data on the income, spending and insurance

coverage of households.

The 2014 CFS has a sample size of 18,000 households covering all regions in the country, except Leyte

province (displaced due to typhoon Yolanda) and Autonomous Region in Muslim Mindanao (ARMM). By

contrast, the inaugural 2009 CFS consisted of a smaller sample size of 10,520 households covering

Regions 1, 7 and 11 only. The bigger sample size for the 2014 survey is more representative of the

financial conditions of households in the country. The domains of the survey are National Capital Region

(NCR) and Areas Outside NCR (AONCR). The survey made use of the 2003 Master Sample (MS2003) of

the Philippine Statistics Authority (PSA). The MS2003 uses a two-stage sampling with stratification at

the Primary Sampling Unit (PSU) level. In the first stage, households were stratified in terms of

Enumeration Areas (EA)/Barangays. Random samples of EAs were drawn in each region with probability

proportional to the size (i.e., total number of households) of the EA. In the second sampling stage,

random samples of 12 households for NCR and 16 for AONCR were selected from each of the sample

EAs.

The PSA, through its Survey Review and Clearance System, gave the clearance to conduct the CFS after

their review of the CFS survey design and questionnaire. To encourage participation in the survey, a

letter signed by the BSP Governor was sent to each of the sample households, informing them of the

CFS and its objectives, inviting them to participate in the CFS and assuring them of the confidentiality of

their responses. The data collection was conducted starting July 2014 until end-January 2015. The

survey had an overall response rate of 86.2 percent. Details of response rates are as follows:

Area Sample

Households

Percent Share

of Sample

Households

Respondent

Households

Response

Rate

Philippines 18,000 100.0 15,503 86.1

NCR 1,962 10.9 1,565 79.8

AONCR 16,038 89.1 13,938 86.9

North/Central Luzon 4,387 24.4 3,987 90.9

South Luzon 3,860 21.4 3,395 88.0

Visayas 3,248 18.0 2,799 86.2

Mindanao 4,543 25.2 3,757 82.7

In each of the sample households, using a set of screening questions, the enumerator identified the

survey respondent―the person living in the household who is the most knowledgeable and credible to

answer questions about household finances. At anytime during the interview, the selected respondent

could consult any person in their household or look for a document that could help him answer

accurately the questions being asked by the interviewer.




Manila, Philippines

www.bsp.gov.ph

The CFS generally followed the PSA’s definition of household membership.1 Data on demographic

characteristics of sample households covered all the members of the household. For assets and

liabilities as well as income and expenditures of the household, only the Primary Economic Unit (PEU)

within the household was covered. The PEU consists of the survey respondent, his/her spouse (if any),

and other members of the household whose finances are interdependent with the respondent and/or

the spouse. Finances of other members of the household such as those of hired help, boarders, and

financially independent household members were not included.2 In the survey report, the term

“household” refers to the sample household.

Data on work, income and expenditures of households were for full year 2013 (the calendar year

preceding the survey) while the data pertaining to demographics, assets and liabilities, and preferences

and behaviors were reckoned on the date the household was interviewed (i.e., within the period from

July 2014 to end-January 2015).

Considering the differences in coverage of the 2009 and 2014 CFS, changes in the survey results

between the two periods were analyzed for comparative survey areas i.e., NCR and Regions 1, 7, and

11 in AONCR only.

The CFS questionnaire was translated in five dialects with the most number of respondents: Tagalog,

Ilonggo, Visayan, Bicolano and Ilocano, with English translation for each question. Questionnaires

translated in local dialects are back-translated to ensure that the translations and the essence of the

questions are consistent. Taylor Nelson Sofres (TNS), a research agency based in the Philippines which

provides consulting services in market research and household surveys, was contracted by the BSP to

perform the data collection, enumeration and data encoding of the results. They used the door-to-door

and face-to-face interview method in their data collection. Statistical tables of the CFS were generated

using Stata and SPSS software.

II. Key Findings

A. Demographic Characteristics

The age composition of

household members

indicates a significant

increase in the labor force

for the next ten years...

The results of the survey showed that the Philippines has a young

population. The age distribution of household members showed that

8.1 percent were 0-4 years old, 21.5 percent were 5-14 years old,

20.2 percent were 15-24 years old, 12.8 percent were 25-34 years old,

12.1 percent were 35 -44 years old and 11.4 percent were 45-54 years

old. Meanwhile, those who were about to retire or were close to

compulsory retirement (aged 55-64 years old) and the elderly (65 years

old and over) accounted for 8.0 percent and 5.9 percent of the household

members, respectively, at the time of the survey. The average and

median age of the population are 29.3 years and 25 years, respectively.

These figures indicated that a significant increase in the country’s labor

1 A household is a social unit consisting of a person living alone or a group of persons who sleep in the same

housing unit and have a common arrangement in the preparation and consumption of food. Meanwhile, in

determining household membership, a basic criterion is the usual place of residence or the place where the

person usually resides. This may be the same or different from the place where he is found at the time of the

census. 2 A household member is considered to be financially independent if he/she provides/pays for his/her expenses in

at least two of the three major expense categories: rent, food, and other living expenses.




Manila, Philippines

www.bsp.gov.ph

force could be expected considering that a much bigger number of young

people will enter the labor force every year compared to the number of

older people who leave the labor force working age group. The age

dependency ratio was estimated at 0.55, translating to about two

working age household members for every one non-working age

household member.3 This broad age profile was observed in both NCR

and AONCR.

...that could contribute to

higher economic growth.

For the next ten years, favorable demographic dividends are expected as a

relatively young labor force could propel domestic demand that could help

accelerate the country’s economic growth.

However, compared to the 2009 CFS results, a slight aging of the population

was observed. In the NCR, the percentage of households aged 55 and over

increased to 13.9 percent compared to 11.1 percent in the 2009 CFS. For

Regions 1, 7, and 11, the percentage of households for the said age group

also increased to 14.7 percent from 13.5 percent in the 2009 survey.

The average number of

household members is five.

The average household size was 5 members, with more than half

(51.6 percent) of the respondents reporting a household size of

4-6 household members, 28.5 percent with 1-3 members, and 20 percent

with 7 or more household members. Looking at the composition of

household members in relation to the respondent, 81 percent were

immediate family members and 18.5 percent consisted of other relatives,

indicating that extended family increased the average household size by

almost one.4 The same average household size was observed in the

2009 CFS.

3 The age dependency ratio equals the sum of the population of the non-working age groups (0-14 years old and

65 years old and over) divided by the population of the working age group (15-64 years old). This measures the

number of non-working age household members being supported per one working age member. 4 Immediate family members consist of the respondent, spouse, and their children.




Manila, Philippines

www.bsp.gov.ph

Four in ten household

members are currently

attending school.

Nearly four in ten household members (37.7 percent) were currently

attending school at the time the survey was conducted. Among those who

were currently enrolled, 9.8 percent were in pre-school, 47.4 percent in

elementary, 28.7 percent in high school, 1.3 percent in vocational/technical,

and 12.8 percent in college/post graduate. With an average of 1-2 students

per household, majority of whom were at the nursery and elementary levels

at the time of the survey, the expenditures of many households are

expected to be heavy on education up to the next decade or so.5 Moreover,

the 2014 CFS results showed that the percentages of household members

attending school in NCR and Regions 1, 7, and 11 were higher compared to

that of the 2009 survey results.

Four in ten household

members are covered by

health insurance.

In 2014, the percentage of households with health insurance jumped to

41.1 percent from 29 percent in 2009. Of those with health insurance,

98.1 percent were covered by Philhealth, 1.3 percent by private health

5 This estimate is based on the survey findings that 37.7 percent of household members are currently attending

school and that the average household size is five.




Manila, Philippines

www.bsp.gov.ph

insurance only and 0.6 percent were covered by both Philhealth and private

insurance. These figures indicate that Philhealth was able to cover four in

every ten (40.6 percent) household members. In the NCR, household

members covered by health insurance increased to 40.4 percent from

29.2 percent in the 2009 CFS. In AONCR (Regions 1, 7, and 11), the coverage

increased to 34.4 percent (from 29 percent in 2009). Nevertheless, majority

of the population has yet to be covered by a health insurance in both NCR

and AONCR.

B. Assets and Liabilities

Home appliances are the most

common type of asset owned

by households.

Household liabilities are

typically in the form of

consumer loans and real

estate loans.

The most common types of assets held by households were home appliances

(90.6 percent), followed by their own residence (75.5 percent). Other types

of assets owned by households were motor vehicles (27.5 percent),

retirement insurance (24.2 percent), deposit accounts (14 percent), and

other real property apart from respondent’s residence (13.0 percent) such as

land, house and lot, and farm and precious objects (10.3 percent). A very

small percentage of households owned securities and investment products

such as stocks, bonds, mutual funds and unit investment trust funds

(0.2 percent).

The results of the 2014 CFS showed increases in the number or percentage of

households that own house and lot or house only, motor vehicles, and

appliances in NCR and in Regions 1, 7, and 11 compared to the corresponding

2009 CFS results.

With respect to liabilities, few households had outstanding loans on their

residence (2.7 percent) and other real property (6.5 percent). A bigger

percentage of households had outstanding consumer loans such as

all-purpose loans (15.2 percent), motor vehicle loans (11.9 percent), and

credit card loans (1.5 percent).6

The main sources of financing of households vary by type of loan. Majority of

residential real estate loans were financed by government housing

6 Consumer loans granted by commercial banks consist of credit card, auto and other loans, such as loans to

purchase household appliances, furniture and fixtures and/or to pay taxes, hospital and educational bills.




Manila, Philippines

www.bsp.gov.ph

institutions (50.9 percent), banks (13.8 percent), money lenders

(10.8 percent), and relatives and friends (8.4 percent). The survey results also

showed that about 7.7 percent of housing loans were sourced from in-house

financing and financing institutions. Meanwhile, motor vehicle loans were

funded primarily by in-house financing and financing institutions (67 percent)

and banks (11.3 percent). Appliance loans were sourced mostly from

in-house financing and financing institutions (59.9 percent) and money

lenders (12.6 percent). Other sources of credit for appliances were:

relative/family member, company/employer, credit card, cooperatives and

banks. By area, the percentage of respondents in NCR with housing, car, and

appliance loans increased compared to the 2009 CFS results while that in

Regions 1, 7, and 11 declined for housing and car loans.

1. Respondent’s Residence

Home Ownership

Three in every four households

own/co-own their houses or

both houses and lots.

House dwelling is the single biggest asset of many households. About three-

fourths (or 75.5 percent) of households were homeowners (with 44.1 percent

owning or co-owning their houses and lots while 31.4 percent owning or

co-owning their houses only). Non-homeowners, which comprise about

24.6 percent of the total number of households surveyed, were

renting/leasing (6.7 percent), neither owning nor renting their housing unit

(17.8 percent), or caretakers of other people’s residence (0.1 percent).

Notably, the percentage of household respondents that own or co-own their

houses and lots increased in 2014 compared to the 2009 CFS results while

those that neither own nor rent decreased in both NCR and in Regions 1, 7,

and 11 for the same period.

The percentage of home ownership in the NCR was lower at 62.8 percent

compared to 77.5 percent in AONCR. In the case of renters, the percentage

was higher in the NCR at 22 percent compared to 4.2 percent in AONCR.

Meanwhile, the percentage of households that neither own nor rent their

housing units was also significant in both NCR and AONCR at 15.2 percent

and 18.3 percent, respectively.




Manila, Philippines

www.bsp.gov.ph

Roughly 9 in 10 homeowners

fully own their houses/houses

and lots.

Among homeowners, 88.5 percent fully owned their houses/houses and lots

while the rest were co-owners. The percentage of households that fully

owned their houses/houses and lots were nearly the same for NCR and

AONCR.

Housing Characteristics

Majority of homes are single-

detached dwellings with outer

walls made of concrete/

brick/stone and/or wood.

About 97 percent of households’ homes were single-detached

dwellings―98.1 percent in AONCR and 90.5 percent in NCR.

The survey results showed that the overall median floor area of households’

homes was 50 square meters. By area, the median floor area in AONCR was

bigger than that of NCR (at 50 square meters and 40 square meters,

respectively).

Meanwhile, the average number of bedrooms was two, similar to the

2009 CFS results. In general, houses in the NCR had fewer number of

bedrooms compared to those in AONCR.

The use of wood as outer walls declined while the use of concrete, brick, and

stone increased in both NCR and Regions 1, 7, and 11 compared to the 2009

survey results. One in five of homes’ outer walls were made of light

materials, such as bamboo, sawali, cogon, nipa and 2.6 percent were of

makeshift or salvaged materials.

About 3 in 5 homes are in need

of moderate to major repair.

More than half of the respondents (57.3 percent) perceived their home

conditions to be either fair or poor and in need of moderate to major repair.

The remaining 42.7 percent of respondents considered their homes to be

either in very good or good condition, safe, decent and without any or little

need for minor repair. Comparing these results with the 2009 CFS,

respondents in Regions 1, 7, and 11 reported an improvement in the

condition of their homes as the percentage of those that reported very good




Manila, Philippines

www.bsp.gov.ph

and good housing conditions increased while the percentage of those that

have fair or poor housing conditions decreased. The reverse was reported by

NCR respondents.

Housing Cost

About 4 in 5 respondents think

that the cost of buying/renting

their homes is not expensive.

On household respondents’ views on the cost of buying/renting their

residence relative to their levels of income, about 65 percent of the

respondents (63.9 percent) indicated that the cost/rent was appropriate

while 19.4 percent thought it to be inexpensive. The remaining 16.7 percent

of surveyed households viewed their housing cost/rent to be expensive.

Similarly, majority of respondents from both NCR and AONCR stated that the

price of their houses/rent was reasonable (77.1 percent and 61.8 percent,

respectively). However, more respondents in AONCR said that their housing

was expensive (17.4 percent) compared to NCR respondents (12.4 percent).

The cost of a housing unit is

higher in the NCR compared to

that in AONCR.

The average value of housing units owned by households stood at

P383,549 while the median was estimated at P100,000.7

In NCR, the average value of houses was P734,826, much higher compared to

the average value of P336,623 in AONCR. A similar pattern was also noted in

the median value of housing units at P200,000 in NCR and P100,000 in

AONCR. The contributory factors to the higher value of homes in the NCR

were higher cost of land as well as generally better quality (and usually,

higher priced) housing materials relative to that in AONCR. Compared to the

results in 2009, the average value of homes decreased in the NCR while those

in Regions 1, 7, and 11 went up. The decline in the average value of housing

units in NCR was due largely to the lower percentage of housing units valued

at P300,000 and over and the higher percentage of housing units valued

below P25,000. Meanwhile, in Regions 1, 7, and 11, the percentage of

7 In case the residence is only partly owned by the respondent (i.e., there are other co-owners), the value of the

housing unit covers only the amount of the respondent’s share out of the total value of the property. This is to

be able to reflect the monetary value only of the respondent’s ownership of his residence which forms part of

his total assets.




Manila, Philippines

www.bsp.gov.ph

respondents with housing units valued at P50,000 to P300,000 increased.

These results could reflect the assessment of the quality of housing units of

the respondents in NCR and AONCR.

Housing Loans and Mode of Acquisition of Respondent’s Residence

Housing is generally acquired

by households either through

purchase in cash or

inheritance...

Majority of households that owned their houses/houses and lot acquired

their property through cash (51.7 percent) followed by inheritance/gift

(39.4 percent). Meanwhile, more households in the NCR acquired their

housing through inheritance/gift (42.6 percent) compared to those in AONCR

(38.9 percent). In both NCR and Regions 1, 7, and 11, households that

acquired their homes through cash payments declined to 40.3 percent (from

55 percent) and 44.4 percent (from 70.3 percent), respectively. In the NCR,

an equal percentage of households acquired their homes through cash and

inheritance while those in AONCR followed the national trend. Only a small

percentage (at 0.9 percent) of households acquired their residential property

through the Comprehensive Agrarian Reform Program (CARP).8

...while only a small

percentage is acquired

through borrowings.

Only 5.2 percent of households borrowed money to acquire their residence.

The percentage of households that borrowed money for their housing was

higher in NCR (11.4 percent) than that in AONCR (4.3 percent). Compared to

the 2009 CFS results, the percentage of households that borrowed money

increased in the NCR but declined in Regions 1, 7 and 11.

The values of housing loans

are higher in AONCR than in

NCR.

The average and median values of housing loans increased to P436,748 and

P154,000, respectively. The corresponding average and median values of

housing loans in NCR were recorded at P243,461 and P100,000, and in

Regions 1,7, and 11 at P295,398 and P70,000, respectively. These figures

were higher compared to their corresponding values in the 2009 CFS, except

for the median values in Regions 1, 7, and 11 which declined to P70,000 from

P100,000.

8 The Comprehensive Agrarian Reform Program of 1988 (also known as CARP of the Philippines) is a Philippine

state policy that ensures and promotes welfare of landless farmers and farm workers, as well as elevation of

social justice and equity among rural areas. Under the CARP, government and private agricultural lands are

distributed to landless farmers and farm workers.




Manila, Philippines

www.bsp.gov.ph

The primary source of housing

loans is Pag-IBIG in AONCR,

and the National Housing

Authority (NHA) in NCR.

Government institutions were the most popular providers of housing loans,

followed by banks and money lenders. Relatives and friends, and in-house

financing and financing institutions also provide a significant portion of

housing loans. The primary source of housing loans is Pag-IBIG in AONCR, and

NHA in NCR.

More respondents avail of a

repayment period of 20 to

25 years.

The loan repayment period was predominantly 20-25 years, followed by

5-10 years.9 About 45 percent of respondents with housing loans availed of

the payment scheme of 20-25 years.

The monthly amortization for

housing loans is higher in

AONCR than in NCR.

Overall, about 3 in 10 households with housing loans paid P1,000 and below

monthly amortizations while about 6 in 10 paid more than P1,000 up to

P5,000 per month. The rest of the households paid a monthly amortization

higher than P5,000.

In NCR, 45.2 percent of borrowers paid P1,000 and below per month while in

AONCR, only 24.9 percent paid said monthly amortization. Seven in

10 AONCR borrowers paid more than P1,000 up to P5,000 in contrast to only

4 in 10 borrowers in the NCR. As expected, more borrowers in AONCR were

paying higher monthly amortization than those in the NCR as borrowers in

9 The repayment period for short term loans is 1 year or below; for medium term loans, more than 1 year up to

5 years; and for long term loans, more than 5 years.




Manila, Philippines

www.bsp.gov.ph

AONCR generally had bigger loans compared to respondents in NCR.

Moreover, majority of housing loans in NCR were low cost housing projects

of the NHA whereas in AONCR, housing loans were mostly borrowed from

Pag-IBIG, SSS and GSIS with bigger loanable amounts and higher value.

One in two households pay an

annual interest rate of

10 percent or

lower on housing loans.

In terms of lending rates, 50.8 percent of the households (with loans) paid

an annual interest rate of 10 percent and below on their housing loans. The

average rates on housing loans in NCR was lower at 9 percent compared to

14.5 percent in AONCR, while median rates were the same for both areas at

6 percent.

A small percentage of

households have outstanding

loans on their residential

property.

About 3 in 100 households (2.7 percent) had an outstanding loan on their

residential property. In NCR, the percentage was higher at 6.1 percent

compared to 2.2 percent in AONCR.

Nearly 6 in 10 households with

outstanding housing loans pay

ahead or on schedule.

More than half of households with outstanding loans (55.9 percent) paid

their monthly amortization either ahead of or on schedule, while the rest

were behind schedule. A bigger percentage of households in NCR paid their

loans on time or ahead of schedule compared to those in AONCR.

Notably, there was a marked improvement from the 2009 CFS in the

percentage of households that paid their housing loan amortizations ahead

of/on schedule. In NCR, 67.4 percent reported paying their amortizations

ahead of/on schedule in 2014 compared to 44.7 percent in 2009. The same

was observed for Regions 1, 7 and 11 (at 78.5 percent in 2014 from

55 percent in 2009).

Among households whose loan

payments are behind schedule,

about 2 in 5 are behind

schedule by more than

1 year.

Among households whose loan payments were behind schedule, less than

half or about 40.8 percent were in default.10

Of these, 29.9 percent were in

default by one to five years while 11 percent were in default by more than

5 years. Compared to the 2009 CFS results, the percentage of loan payments

in default declined in 2014 in NCR as well as in Regions 1, 7, and 11.

2. Other Real Property Ownership (Apart from Respondent’s Residence)

Other Real Property Ownership by Type and Use

One in eight households owns

other real property apart from

their residence…

About 13 percent of households owned other real property (aside from their

residence) in 2014. Of these, 83.5 percent owned one other real property,

13.2 percent owned two, and 3.4 percent owned three or more. The

percentage of households in AONCR that owned other real property was

slightly higher compared to that in NCR.

10

Default loans in this survey are those for which amortization payments are behind schedule by more than one

year. However, the BSP defines non-performing loans (NPLs) as those with unpaid quarterly, semi-annual and

annual installments, 30 days or more after due date and loans with unpaid monthly installment for three or

more months. The non-repayment period of NPLs is thus much shorter compared to the survey’s definition of a

default loan.




Manila, Philippines

www.bsp.gov.ph

… which is largely intended for

agricultural purposes.

About 63.8 percent of households intended to use their other real property

for agricultural purposes, 19.8 percent for future homes, 6.7 percent for

rent/lease, 5.6 percent for holiday or private use, and 5.6 percent for

investment and business. Meanwhile, 15.5 percent of other real property was

unoccupied or uncultivated.

Other Real Property Ownership: Mode of Acquisition

Other real property is acquired

primarily through

inheritance/gift and cash

purchase.

A considerable number of households that owned other real property

acquired them through inheritance/gift (59.8 percent). These were followed

by those that acquired property through cash payment (33.2 percent), CARP

(3 percent), loan (2.1 percent), and combined cash and loan (1.5 percent).

More households in the AONCR acquired their real property through

inheritance/gift (60.3 percent) than those in NCR (56.3 percent).

The median value of other real

property owned by households

is P200,000.

The average and median values of other real property owned by households

were P873,240 and P200,000, respectively (estimated based on their

percentage of ownership).11

By area, the average values of other real

property in NCR declined from P1,124,582 in 2009 to P869,978 in

2014. Likewise, the median values went down by 25 percent, from

P402,000 to P300,000. However, in Regions 1, 7, and 11, the average and

median values increased by 61.5 percent and 17.6 percent, respectively,

compared to the previous survey results.

Only a small percentage of

households acquire their other

real property through loans.

Only about 7 in 100 households (6.5 percent) had an outstanding loan on

their other real property. In AONCR, the percentage was higher at

6.6 percent compared to that in NCR at 5.6 percent.

11

In case the real property is only partly owned by the households (i.e., there are other co-owners), the value of

the household’s real property only covers the amount of the household’s share out of the total value of the

property. This is to be able to reflect only the monetary value of the household’s ownership of his real

properties which form part of his total assets.




Manila, Philippines

www.bsp.gov.ph

The primary sources of other

real property loans in AONCR

are relatives and friends.

Relatives and friends were the most popular providers of other real property

loans, followed by money lenders and banks.12

They were also the main

providers of other real property loans in AONCR while NHA, Pag-IBIG/HDMF,

financing institutions and GSIS were the most common loan providers in

NCR.

3. Ownership of Vehicles and Other Non-Financial Assets

Vehicles

More than a quarter of

households own at least one

motor vehicle.

The survey showed that more than a quarter (27.5 percent) of households

owned at least one vehicle. A higher percentage of households in AONCR

(28.6 percent) owned a motor vehicle compared to those in NCR

(20.4 percent).

The motorcycle is the most

popular type of motor vehicle

owned by households.

Six in every ten vehicles

bought are brand new.

Among those households that owned vehicles, about six for every ten

(60.3 percent) owned motorcycles. The other types of vehicles owned by

households were tricycles (25.7 percent), car/AUV/SUV/van (16.2 percent)

and other vehicles that are used for agricultural purposes such as motorized

pump boats (5.6 percent), “kuliglig” or improvised motorized vehicles

(2 percent), and tractors (1.2 percent).13

In the NCR, about 59.8 percent of households (that owned vehicles) owned

motorcycles, followed by 16.1 percent that owned tricycles. Ownership of

these types of vehicles in AONCR were higher at 60.4 percent and

26.8 percent, respectively. Conversely, household ownership of

cars/AUVs/SUVs/vans was more than twice in the NCR at 33.6 percent

compared to 14.2 percent in AONCR. Another popular vehicle in AONCR is

the motorized pump boat (6.2 percent). Aside from its use as fishing boats,

motorized boats are popular means of transportation between islands.

The bulk of vehicles (63.6 percent) bought by households were relatively

brand new models (2010-2014), with some 2000-2009 models. This was

12

Money lenders as defined in this survey are those who provide informal loans to people who have no access to

formal sources like banks and other non-bank lending institutions. These lenders are not regulated, nor

registered. 13

Both Asian Utility Vehicles (AUVs) and Sports Utility Vehicles (SUVs) are multipurpose vehicles that are bigger

than cars. However, SUVs being high-powered vehicles with four-wheel drive are more expensive than AUVs.




Manila, Philippines

www.bsp.gov.ph

observed in both NCR and AONCR. The percentage of households that bought

new models increased to 64.4 percent (from 53.7 percent in the previous CFS

results) in NCR and 62.7 percent (from 58.6 percent in 2009) in

Regions 1, 7, and 11.

Vehicles bought are primarily

for personal use.

Vehicles bought by households were largely for personal use (80.4 percent).

Some households (9.1 percent) bought vehicles for hire/rent to generate

income while 9.6 percent of households purchased vehicles for both personal

and business use. Utilization of vehicles in both NCR and AONCR broadly

followed the national pattern.

The estimated median

monthly income from vehicles

for hire is P4,350.

The average monthly income derived from vehicles for hire was

P5,962.3 with a median income of P4,350. These were lower compared to

the 2009 CFS results. This could be due to the higher number of motorcycles

and lower number of cars/UAVS/SUVs/vans owned and for hire recorded in

the 2014 CFS.

The average value of vehicles owned by households (if sold at the time of the

survey) was P71,188.90, with a median of P30,000. The average and median

values of vehicles were much higher in the NCR given the bigger percentage

of ownership of cars/AUVs/SUVs/vans compared to that in AONCR.

One in eight households that

own a motor vehicle avail

themselves of a motor vehicle

loan.

About 11.9 percent of households that owned motor vehicles had

outstanding loans on their vehicles. A bigger percentage of NCR households

had outstanding loans on vehicles (15.4 percent) compared to those in

AONCR (11.5 percent).

In-house financing and

financing institutions are the

top sources of motor vehicle

loans.

In-house financing and financing institutions (67 percent) were the two most

popular modes/sources of motor vehicle loans. This was observed both for

NCR and AONCR households. Other providers of motor vehicle loans were

commercial banks, individual money lenders, company (employer) loans,

relative/family members, saving/thrift banks, and cooperatives/rural banks.

The percentage of respondents in the NCR who availed of motor vehicle

loans from banks in 2014 increased to 25.1 percent (from 13.8 percent in the

2009 CFS). Likewise, the percentage of car loans availed from banks by the

households in Regions 1, 7, and 11 increased to 11.6 percent (from

2.2 percent in 2009).




Manila, Philippines

www.bsp.gov.ph

The median amount of vehicle

loans is P70,000 with median

monthly payment of P2,500.

The average and median values of motor vehicle loans were P146,112.20 and

P70,000, respectively, while their average and median monthly amortizations

were P5,735.20 and P2,500, respectively. The average amount of motor

vehicle loans and monthly amortizations were higher in the NCR than in

AONCR. The average values of motor vehicle loans increased for both NCR

and Regions 1, 7, and 11 while the median values went up in NCR but

declined in Regions 1,7, and 11 relative to the 2009 CFS.

The median annual interest

rate on vehicle loans is 5

percent.

The average and median annual interest rates charged on vehicle loans were

13.8 percent and 5 percent, respectively. In NCR, the average and median

interest rates in 2014 were lower at 10 percent and 5 percent, respectively

(from 14 percent and 8 percent in the 2009 CFS results). For Regions

1, 7, and 11, the median interest rates were likewise lower at 5 percent (from

10 percent in 2009) but the average annual interest rate was slightly higher at

14.3 percent (from 14 percent in 2009).

Most of of the respondents paid their loans on schedule while 20.5 percent

were behind schedule. A bigger percentage of respondents in AONCR were

behind sechedule compared to those in NCR. The percentage of loan

repayments ahead of/on schedule in the NCR increased to 88.2 percent (from

86.6 percent in 2009) but decreased in Regions 1, 7, and 11 to 75.2 percent

(from 82 percent in 2009).

Household Appliances

Almost all households in the

NCR own home appliances

while 10.9 percent do not

have any household appliance

in AONCR.

Majority of households (90.6 percent) owned various types of household

appliances. In the NCR, almost all households (99.7 percent) owned

household appliances. Meanwhile, in AONCR, 10.9 percent of households did

not have any household appliance. Compared to the 2009 CFS, the

percentage of households that owned household appliances in

2014 increased for NCR as well as in Regions 1, 7, and 11.




Manila, Philippines

www.bsp.gov.ph

Television, cell phone/

telephone and electric fan are

the most popular household

appliances.

On average, five different types of appliances could be found in any

household in 2014. NCR households owned seven different types of

appliances while in AONCR, there were three types. The most common

appliances found in households in both NCR and AONCR were: TV sets, cell

phones/telephones, electric fans, VCD/DVD players, gas stoves, refrigerators

and washing machines.14

Other appliances owned by a smaller percentage of

households were flat irons (21.8 percent), personal computers/laptops

(15.7 percent) and other kitchen utensils such as rice cooker, coffee maker

and airpot (13.2 percent).15

Table 2. Percentage of Households That Own Home Appliances by Type

In Percent

Kind of Appliances PHL NCR AONCR

TV sets 86.2 93.5 84.9

Cellphone/telephone (wireless) 81.7 93.1 79.7

Electric fan/exhaust fan 73.6 97.4 69.3

VCD / DVD player / component/

cassette / compact disc / dura box 47.3 57.8 45.4

Gas stove/electric stove/kusinilya de

gaas/super kalan 42.9 77.9 36.6

Refrigerator/freezer 42.5 56.4 40.0

Washing machine/dryer 37.0 71.9 30.6

Flat iron 21.8 36.9 19.1

PC laptop/desktop 15.7 26.5 13.7

Electric kettle/coffeeaker/airpot/

rice cooker 13.2 18.7 12.2

Oven toaster/microwave 12.1 20.7 10.5

Aid-osterizer/mixer/blender/juicer 9.0 14.6 7.9

iPad/tablet/ipod 8.9 18.0 7.3

Videoke/karaoke/magic sing 7.8 6.7 8.0

Gas range/oven 7.7 12.6 6.8

Air conditioner 7.1 12.4 6.1

Digicam/videocam/camera 6.6 11.9 5.6

Radio/transistor radio 5.8 2.3 6.5

14

Cellphones, equivalent to telephones, were considered as home appliances. 15

Other home appliances, such as water pump, fax machines, speaker/sound system, ps2/psp/xbox, piano/organ,

and sewing machines, among others, were owned by less than 5 percent of households.




Manila, Philippines

www.bsp.gov.ph

Home Appliance Loans

Most households do not have

an appliance loan.

Very few households had an appliance loan. This holds true for both NCR and

AONCR, with only 1.3 percent and 1.6 percent of households, respectively,

reporting that they had an outstanding home appliance loan.

Home appliance loans are

obtained mainly through

in-house financing in AONCR

and through individual money

lenders in NCR.

Among those who had outstanding loans on household appliances, the top

three sources of home appliance loans were in-house financing/financing

institutions and individual money lenders. Other major sources of home

appliance loans were family members, commercial banks and credit card

companies.

Table 3. Distribution of Loan Provider for Home Appliances (In Percent)

PHL NCR AONCR

In-house financing 39.2 10.0 43.5

Financing institution 20.7 13.9 21.7

Individual money lender 12.6 23.8 10.9

Relative / family member 5.1 10.1 4.4

Company (employer) loan 4.9 0.0 5.7

Credit card company 4.2 18.9 2.1

Cooperative 3.7 4.4 3.6

Commercial bank 3.2 14.2 1.6

Savings/thrift Bank 2.0 0.0 2.2

SSS 1.0 4.8 0.5

Rural/cooperative bank 0.9 0.0 1.0

GSIS 0.4 0.0 0.4

Don't know 0.4 0.0 0.5

Refused 1.7 0.0 1.9

Ownership of Precious Objects16

About one in ten households

own precious objects.

About 10.3 percent of households owned precious objects that consisted

mostly of jewelries (63.1 percent) and furniture (50.2 perecnt). A small

percentage (12.5 percent) of the households owned antiques, works of art

and collector’s items. Compared to the 2009 CFS, the percentage of

households that owned precious objects in 2014 declined in both NCR and

Regions 1, 7, and 11.

16

Precious objects are possessions with considerable monetary or material value.




Manila, Philippines

www.bsp.gov.ph

Antiques are the most

valuable precious objects

owned by households.

The highest estimated average and median values among precious objects

were those of antiques at P59,396.90 and P10,000, respectively. The second

highest average value pertained to jewelries (P25,396.80), followed by works

of art (P23,176.70) and furnitures (P13,762.30).

4. Financial Assets

Deposit/Cash Accounts

Eighty six percent of

households are unbanked.

Majority of households or 86 percent did not have a deposit account. This

means that only the remaining 14 percent save their money in banks,

consistent with the results of the National Baseline Survey on Financial

Inclusion (NBSFI) conducted by the Inclusive Finance Advocacy Staff (IFAS) in

2014. The said survey showed that out of the 43.2 percent adults who

currently have savings either through banks or cooperatives, 32.7 percent put

their money in banks. The results therefore indicated that only 14.1 percent

of adults save in banks.

The foremost reason cited by households for not having a deposit account

was not having enough money to keep an account (92.3 percent). Other

reasons cited by households were: (1) do not need a bank/cash account

(2 percent), (2) bank/institution location is far (1.7 percent), (3) cannot

manage an account (1.2 percent), (4) service charges are too high

(1.0 percent), and other reasons (1.6 percent) such as minimum balance is

too high, do not like to deal with banks/institutions and do not trust

banks/institutions.

By area, both the 2009 and 2014 CFS results showed that a bigger number of

households in the NCR have deposit accounts compared to those in AONCR.

Compared however to the 2009 CFS, the percentage of households with

deposit accounts declined both in the NCR (to 18.7 percent from

28.1 percent) and Regions 1, 7, and 11 (to 13.5 percent from 16.1 percent),

respectively. Meanwhile, the average number of deposit accounts owned by

households remained steady at 1.4 accounts in the NCR and 1.2 accounts in

the comparative regions in AONCR.

Most households have only

one deposit account.

Among households with deposit accounts, 80.7 percent had only one deposit

account, 15.4 percent had two, and 4.0 percent had three or more.




Manila, Philippines

www.bsp.gov.ph

A small percentage of deposit

accounts are in foreign

currency.

Nearly all (99.5 percent) of the deposit accounts were maintained in the

country. Only 0.5 percent of bank accounts were in the US (0.2 percent), and

other countries such as Saudi Arabia, New Zealand and Norway (0.4 percent).

For deposit accounts in the Philippines, 99.4 percent were in pesos,

0.4 percent were in US Dollars and the remaining 0.3 percent were in other

foreign currencies.17

Eight in 10 deposit accounts

are placed in commercial

banks.

Banks were the most popular type of depository institution. These included

commercial banks (50.2 percent), rural/cooperative banks (13.8 percent),

savings/thrift banks (10.1 percent) and microfinance banks (9 percent).

Together, the banking system held 83.1 percent of deposit accounts of

households. Other depository institutions of households were:

multipurpose/credit cooperative (11.4 percent), paluwagan (4.1 percent),

and savings and loan association (3.6 percent). The 2014 CFS showed that

similar to the 2009 CFS results, commercial banks were the most popular

depository institutions both in NCR and AONCR. However, the percentage of

respondents reporting so declined. Some significant changes in households’

choice of deposit accounts in the 2014 CFS were: 1) for NCR, the percentage

of micro depositors declined slightly to 2.7 percent (from 2.9 percent in the

2009 CFS), 2) conversely, for Regions 1, 7, and 11, the percentage more

than doubled to 5.2 percent (from 2.3 percent). These figures point to the

initial gains of the BSP’s financial inclusion initiatives across regions.

As expected, a bigger percentage of households in the AONCR had deposit

accounts with rural banks, credit cooperatives, and microfinance banks. In

NCR, nearly 8 in 10 deposit accounts were maintained in commercial banks

and savings/thrift banks.

The top reason in choosing a

depository bank/institution is

proximity to the place of

residence.

The main reasons cited by respondents in selecting a depository institution

were: proximity to home (29.2 percent), efficient service (24.7 percent), it is a

major bank (6.7 percent), personal acquaintances (5.1 percent), and

proximity to workplace (4.7 percent).

17

Although some banks offer (aside from US dollar account) foreign currency deposit accounts in euro, yen and

Australian dollars, none of the respondents reported such types of foreign currency-denominated accounts.




Manila, Philippines

www.bsp.gov.ph

Table 5. Distribution of Reasons in Choosing a Depository Institution or Bank

In Percent

Philippines NCR AONCR

Proximity to home 29.2 36.1 27.7

Efficient service 24.7 22.6 25.2

It is a major bank 6.7 11.2 5.7

Personal acquaintances 5.1 1.5 5.9

Proximity to workplace 4.7 5.6 4.5

Attractive charges for services 3.0 1.4 3.4

High interest rates 1.9 2.4 1.8

Internet banking services 0.5 0.6 0.5

Others 14.8 14.2 14.9

No particular reason 8.5 4.1 9.5

Don’t know/don’t remember 1.0 0.3 1.1

Total 100.0 100.0 100.0

Households tended to stay loyal to their depository banks/institutions as

72.1 percent of the banked households said that they have maintained their

accounts in their preferred entity for at least 2 years. However, compared to

the 2009 CFS, the percentage that said so declined significantly for Regions

1, 7, and 11 to 68.6 percent (from 79.3 percent) but slightly increased in NCR

to 75.4 percent (from 74.3 percent).

The median outstanding

balance of peso deposit

accounts is P5,300.

The overall average and median outstanding balance of deposit accounts

were P206,275 and P5,300, respectively. The average and median

outstanding balance of peso deposit accounts were higher in NCR than in

AONCR.

About 7 in 10 deposit accounts

pay interest.

Not all deposit accounts were interest-bearing. About 7 in 10 households had

interest-paying deposit accounts. This indicated that 30 percent of the

households still prefer to maintain deposit accounts even if their average

daily balance fell below the required amount to earn interest or had earned a

negligible amount of interest.18

This was observed in both NCR and AONCR.

The Interest rates on deposit

accounts in both NCR and

AONCR are low.

Majority of household heads

who are self-employed or work

for private households and in

other informal occupations,

are employed in the fishing,

The median and average interest rates on deposit accounts were 2 percent

and 3.9 percent, respectively. In NCR, the median and average interest rates

stood at 2 percent and 4 percent, respectively. These were comparable to

those in AONCR, with median and average interest rates at 2 percent and

3.9 percent, respectively.

Based on the odds ratios,19

results show that majority of household heads

who are employed in private establishments and government are banked. In

contrast, majority of household heads who are self-employed, worked for

private household, other household’s farm, and in other informal

occupations, are unbanked.

18

To earn interest, the required minimum average maintaining balance by commercial banks and thrift banks ranges from

P10,000-P15,000 and P1,000-P5,000, respectively. 19

Odds ratios can be used to measure the effect of an explanatory variable on the variable of interest (e.g., the effect of the

gender of the household head on having a bank/deposit account).




Manila, Philippines

www.bsp.gov.ph

agriculture, and construction

sectors, have no formal

contract, and work in a firm

with less than 10 employees,

are unbanked.

Most employed household heads who worked in the fishing, agriculture, and

construction sectors are also unbanked. Meanwhile, most household heads

who worked in the services (i.e., real estate services, financial services,

information and communication, education, professional, among others) and

mining sectors, are banked.

Most household heads with permanent jobs are banked while most heads

with no formal contract/term are unbanked. Moreover, most heads who

worked in a firm with less than 10 employees are unbanked while those

working in a firm with more than 10 employees are banked.

Table 6. Banked and Unbanked Households

by Occupation Type and Industry Sector of Household Head

Banked Unbanked Odds

Ratio* Percentage

Occupation

Worked for private household 9.1 12.0 0.7283

Worked for private establishment 22.3 14.4 1.7080

Worked for government/GOCC 17.5 8.2 2.3892

Self-employed w/out any employee 40.2 48.1 0.7250

Employer in own family-operated farm 2.7 3.0 0.9006

Employer in own family-operated non-farm

business 2.9 1.1 2.7277

Unpaid worker in family-operated farm 1.5 2.0 0.7376

Unpaid worker in family-operated non-farm

business 0.4 0.6 0.5985

Paid worker of somebody else’s farm 3.3 10.5 0.2895

Unpaid volunteer/worker in a non-family

operated business 0.2 0.1 2.2402

Industry

Agriculture, hunting, and forestry 12.2 31.1 0.3093

Fishing and aquaculture 0.7 2.8 0.2636

Mining and quarrying 0.6 0.5 1.2587

Manufacturing 8.3 3.2 2.7089

Electricity, gas, steam and air conditioning

supply 3.1 1.2 2.6241

Water supply, sewerage, waste management

and remediation activities 0.8 0.5 1.5038

Construction 10.0 12.9 0.7445

Wholesale and retail trade; repair of motor

vehicles and motorcycles 3.5 2.3 1.5151

Transport and storage 3.5 4.7 0.7242

Accommodation and food service activities 4.2 3.2 1.3115

Information and communication 1.7 0.5 3.7366

Financial and insurance activities 2.1 0.5 4.6761

Real estate activities 0.3 0.1 5.2177

Professional, scientific and technical activities 2.5 0.9 2.8224

Administrative and support service activities 4.6 2.3 2.0225

Public administration and defense;

compulsory social security 9.9 5.2 1.9775

Education 6.3 2.0 3.3016

Human health and social work activities 3.5 2.6 1.3537




Manila, Philippines

www.bsp.gov.ph

Arts, entertainment and recreation 0.0 0.5 -

Other service activities 15.9 16.7 0.9448

Activities of households as employers;

Undifferentiated goods and services-

producing Activities of households for own use

0.9 1.6 0.5423

Activities of extraterritorial organizations and

bodies 0.3 0.0 -

Industry not elsewhere classified 5.2 4.7 1.1123

Type of Contract

Permanent 53.1 27.2 3.0312

Temporary/fixed-term contract (OFW,

consultant) 9.3 9.1 1.0304

No formal contract/term 31.3 53.8 0.3913

Other employment agreement 1.9 2.6 0.7389

Not applicable/Self-employed 3.9 6.2 0.6120

Don’t know 0.6 1.3 -

Firm size

Less than 10 employees 28.7 49.8 0.4061

10 to 19 19.8 16.1 1.2861

20 to 99 26.5 18.3 1.6114

100 to 499 14.1 6.5 2.3766

500 or more 7.6 2.9 2.7935

None 3.2 6.4 0.4857 *Note: Given a 2x2 table, the odds ratio is computed as follows:

Banked Unbanked

Presence of Characteristic a b

Absence of Characteristic c d

The odds ratio is computed as: OR = ad/cb

Financial Assets Other Than Deposit Accounts

A very small percentage of

households have investments

in mutual funds and stocks.

A very small percentage of households had investments in stocks, mutual

funds, and/or fixed-income securities, including government securities. In

NCR, less than one percent of households had invested in any of these

financial instruments while in AONCR, the percentage was negligible.

Nearly 1 in 25 households have

accounts receivables from

other households/ businesses.

Aside from deposit accounts, loans made to other households/businesses

were considered to be part of the financial asset of the lender. About

3.9 percent of households had outstanding loan collections. The average and

median values of the outstanding accounts receivables were P20,277 and

P2,000, respectively. The percentage of households that had accounts

receivables declined in both NCR and Regions 1, 7, and 11 compared to the

2009 CFS. The average amount of accounts receivables decreased for both

areas relative to the 2009 CFS results.

5. Insurance and Pension

The percentage of respondents

who have one or more

retirement plan/s

declines.

The survey results showed that the percentage of respondents that had at

least one retirement or insurance plan from both/either the government

and/or private companies stood at 24.2 percent in 2014. The percentage of

respondents who were covered with either employment-based or private

insurance plans decreased in both NCR and Regions 1, 7, and 11 to

36.4 percent (from 57.5 percent) and 21.2 percent (from 30.6 percent),




Manila, Philippines

www.bsp.gov.ph

respectively.

Among those covered by retirement insurance, 92.3 percent were covered

by purely employment-based insurance, 3.8 percent were covered by private

insurance and 3.9 percent had both employment-based and private

insurance.

About 6 in 10 employees in

private establishments and the

government are covered by

retirement insurance.

The SSS covers the highest

percentage of retirement

insurance of respondents.

Among respondents, about 6 in 10 employees of private establishments and

the government were covered by retirement insurance. Only 27.9 percent of

employees in private households and 19.9 percent of self-employed had

retirement insurance. Moreover, the percentage of respondents with

retirement insurance coverage was much lower for the homemakers

(17.8 percent) and the unemployed (17.7 percent).

The SSS had the highest coverage among government insurers, with a total of

90.4 percent, followed by the GSIS at 10.1 percent. Provident funds, other

government insurers, and other retirement plans had the lowest coverage at

about 6.3 percent of the total respondents.

Respondents paying their

retirement premiums increase

in NCR.

Of the total number of insured respondents who were not currently receiving

pension benefits, only 38.4 percent were paying their premiums, while the

remaining 61.6 percent were not. The CFS results are consistent with the SSS

data which showed that 37.9 percent of its registered members were actively

paying contributions. Compared to the 2009 CFS results, a bigger percentage

of NCR respondents were paying premiums at 42.3 percent (from

34.1 percent). However, in Regions 1, 7 and 11, the proportion decreased

slightly to 39.2 percent from 40.3 percent.

More than two-fifths of the total number of respondents (44.1 percent) were

currently paying premiums of about P201-400 monthly at the time of the

survey. About one-fifth were paying P401-600 and another one-fifth had

payments of P601 and up. Less than one-fifth (17.6 percent) had payments of

P200 and below. The average and median monthly premiums paid on

retirement insurance by the respondents were P619 and P331, respectively.

Compared to the 2009 CFS results, the average monthly premiums increased

in both NCR and in Regions 1, 7, and 11 by 33.6 percent and 20 percent,

respectively.




Manila, Philippines

www.bsp.gov.ph

The percentage of

respondents’ spouses who

have one

or more retirement

plans declines to

27.1 percent.

The percentage of respondents’ spouses who had at least one retirement or

insurance plan from both/either the government and/or private companies

declined to 27.1 percent in 2014 from 44.9 percent in 2009. The same trend

was evident in both the NCR and AONCR as the percentage of respondents’

spouses who were covered with either employment-based or private

insurance plans dropped to 41.7 percent from 62.4 percent in NCR and to

22.5 percent from 31.4 percent in Regions 1, 7 and 11.

Among respondents’ spouses employed in private establishments and the

government, about 6 in 10 are covered by retirement insurance. About

36.6 percent of respondents’ spouses employed in private households had

retirement insurance. Retirement insurance coverage among respondents’

spouses who are homemakers and unemployed were lower at 14.3 percent

and 16.1 percent, respectively.

The SSS covers the highest

percentage of retirement

insurance of respondents’

spouses.

Among respondents’ spouses, the SSS had the highest coverage among

government insurers with a total of 91.9 percent. This was followed by the

GSIS at 9 percent, and provident funds and other government insurers

accounting for 5.6 percent of the total respondents’ spouses covered by

insurance.

Almost half of respondents’

spouses are paying premiums

of about P201-400 monthly.

Forty-seven percent of the respondents’ spouses were currently paying

premiums of about P201-400 monthly at the time of the survey while

19.5 percent were paying P200 and below. About 19 percent were paying

P401-600 while 14.9 percent had payments of P600 and above. The average

and median monthly premiums paid by the respondents’ spouses through

employment-based insurers were P612 and P330, respectively. Compared to

the 2009 CFS, the average monthly premiums of respondents’ spouses

increased by 38 percent in NCR and 60.8 percent in Regions 1, 7, and 11.

6. Inheritance

Inheritance come mostly from

parents.

About 24.6 percent of households reported receiving an inheritance.

Majority of them received only one inheritance. A bigger percentage of

households in AONCR received inheritance (25.4 percent) than in NCR

(19.3 percent). Inheritance came mostly from parents (88.2 percent),

followed by grandparents (5.4 percent), and other relatives (4.2 percent).




Manila, Philippines

www.bsp.gov.ph

The most common inheritance

received is in the form of land,

farm, and house.

The most common inheritance received was real estate such as land or farm

(58.0 percent), and houses, condominiums, and townhouses (30.4 percent).

Households also received inheritance in the form of house and lot

(9.9 percent), cash (1.9 percent) and others (0.9 percent). Inheritance

received by both NCR and AONCR households followed the national pattern.

7. Credit Cards and Other Loans

Two percent of households

have credit cards.

About two percent of households had credit cards. A bigger percentage of

NCR households were credit card holders (3.9 percent) compared to those in

AONCR (1.1 percent). In terms of the number of credit cards owned, nearly

three-fourths of households (72.7 percent) reported having only one credit

card. In the NCR, a bigger percentage (38.2 percent) of households had two

or more credit cards compared to that in AONCR (21.1 percent).

Credit card limit in the NCR is

higher than in AONCR.

The average and median credit card limits were P84,057 and

P35,000, respectively. The average and median credit card limits were higher

in NCR compared to those in AONCR.

Seven in ten credit card

holders paid their bills through

banks.

In terms of outstanding credit card bills, the average and median amounts

were P17,462 and P8,000, respectively. The average credit card bills were

higher in NCR compared to that in AONCR, consistent with the higher credit

card limits of NCR households.

About seven in ten (71.4 percent) credit card holders paid their monthly bills

through banks’ operations. These included over-the-counter transactions

(65 percent), mobile banking (3.5 percent), internet banking (2 percent), and

ATM bank-to-bank transfers (0.9 percent). Meanwhile, 18.9 percent were

paid in Bayad Centers, 3.9 percent through direct cash payments and

1.9 percent through salary deduction. A bigger percentage of credit card bills

in the AONCR were paid through banks’ over-the-counter transactions

compared to that in NCR. Likewise, the percentage of credit card bills paid in

Bayad Centers was higher in AONCR than in the NCR.




Manila, Philippines

www.bsp.gov.ph

About one in seven households

avail themselves of other

loans such as personal, salary,

multipurpose, and business

loans.

Aside from housing and real estate, motor vehicle, and credit card loans,

15.2 percent of households availed themselves of loans such as personal,

salary, multipurpose, and business loans. These were used primarily for

business start-ups and expansion, educational expenses, debt payments,

medical, and house improvement expenses. The said loans were sourced

mostly from money lenders, cooperatives, financing institutions, SSS, and

Pag-IBIG.

The most popular collateral

being used by borrowers is

Sangla ATM.

Close to two-thirds of households (66.6 percent) paid these loans on

schedule, the other 24.6 percent were behind schedule and 8 percent of the

households paid their loans ahead of schedule. These trends were observed

for both NCR and AONCR borrowers.

About eight different kinds of assets of households were used as collateral on

their loans (e.g., personal, salary, multipurpose, business, educational and

emergency loans). The “Sangla ATM” was the most used collateral of the

borrowers at 39.9 percent. This was followed by land (22.5 percent),

appliances (11.7 percent), vehicles (7.7 percent) and harvest (6.0 percent).

The top collateral used by borrowers both in NCR and AONCR was also

“Sangla ATM” at 63.7 percent and 37.9 percent, respectively.

Distribution of Collaterals Used On Other Loans

(In Percent)

PHL NCR AONCR

Sangla ATM account (for salary,

pension, and remittances) 39.9 63.7 37.9

Land 22.5 13.7 23.2

Appliances 11.7 0.0 12.7

Vehicle 7.7 9.9 7.5

Harvest 6.0 0.0 6.5

House/Townhouse/Condo unit 4.5 12.7 3.8

Jewelry 1.9 0.0 2.0

Business 1.4 0.0 1.5

Stock Certificate/PDC 1.3 0.0 1.4

Farm Animal 0.9 0.0 0.9

Farm Equipment 0.8 0.0 0.9




Manila, Philippines

www.bsp.gov.ph

C. Income and Expenditures

The main sources of household

income are wages and

salaries.

Food and beverage consumed

at home is the main household

expenditure.

More than half (50.5 percent) of the respondents’ household income came

from wages and salaries. Other sources of household income were

businesses including self-employment (18.1 percent), financial assistance

from government (13.5 percent), financial assistance from abroad

(13.2 percent) and financial assistance from other households (10 percent).20

Food and beverages consumed at home accounted for 42.7 percent of the

annual household expenditures. This was followed by rent (12.2 percent),

regular transportation (9 percent), education (6.5 percent), food and

beverage consumed outside the home (6.4 percent), electricity (6.2 percent),

medicine and medical services (3.7 percent), utilities such as gas and water

(3.1 percent), communication (3.1 percent), house repairs and maintenance

(2.5 percent), clothing (1.2 percent), travel and recreation, celebration during

special occasions, and purchase of furniture and appliances at 0.8 percent

each,21

and household help services (0.6 percent).

1. Work and Income

Work and Income of Respondent

More than 50 percent of

respondents are working.

About 50.5 percent of respondents were working and reported the following

as their work status: self-employed (27.9 percent), employee or wage and

salary worker (22.1 percent), employer of a business (0.5 percent) and other

such as OFW (0.2 percent), farmer (0.1 percent) and labourer (0.1 percent)

Homemakers accounted for 19.6 percent, while a significant proportion of

respondents were unemployed (25.0 percent).22

Other respondents were

retired employees, permanently disabled persons and students (2.7 percent,

0.7 percent, and 0.5 percent, respectively). The higher percentage of

respondents that reported their status to be unemployed relative to the

PSA’s official unemployment figures can be attributed to the

“underemployed” respondents who considered themselves as unemployed

during the survey.23

Most respondents who were working had only one type of job (96 percent),

while 3.9 percent held two types of jobs, e.g., the respondent worked both as

an employee and as self-employed in a farm or business.

20

The total adds up to more than 100 percent inasmuch as some households had multiple sources of income. 21

Rent included imputed rental values for residences owned by households. 22

The unemployment and underemployment rates recorded by the PSA in the last quarter of 2013 and first

quarter of 2014 were 24.4 percent and 27 percent, respectively. 23

Based on PSA’s definition, underemployed persons include all employed persons who expressed the desire to

have additional hours of work in their present job or an additional job, or to have a new job with longer working

hours. Visibly underemployed persons are those who work for less than 40 hours during the reference period

and want additional hours of work.




Manila, Philippines

www.bsp.gov.ph

Salary and Wage Earners Among Respondents

Among wage and salary

earners, 3 in 4 respondents

report working the full

12 months in 2013.

Nearly 3 in 4 of wage and salary earners were employed or worked for the

entire year in 2013 (i.e., 331 days and over). Meanwhile, 8.2 percent

reported working for 181-330 days, and the remaining 17.3 percent worked

from 1 to 180 days. Among wage and salary workers, only 0.6 percent were

overseas Filipino workers (OFW).

One-third of wage and salary

earners among respondents

can be considered to have

unstable jobs.

In terms of job stability among respondents who were wage and salary

earners, the survey results showed that more than half of the total

respondents were considered to have stable jobs given that 33.3 percent

worked for private non-farm establishments and 22.3 percent worked for the

government. However, the remaining number of respondents who were

wage and salary workers and worked for private households (23.2 percent) or

were paid farm workers (15.2 percent) can be considered as having unstable

jobs usually have no formal contracts from their employer or were seasonal

workers with daily wages tied to a no-work, no-pay arrangement.

Workers in AONCR are mostly

in agriculture, hunting,

forestry and fishery while

those in NCR are mostly in

other services activities.

About 53.4 percent of the wage and salary earners were employed in

agriculture, hunting, forestry and fishing; other services activities; and

construction. Wage and salary earners in NCR were mostly employed in other

services activities; construction; and accommodation and food service

activities. In AONCR, wage and salary earners were commonly employed in

agriculture, hunting, forestry and fishing, followed by other services

activities; and construction.

Majority of wage and salary

earners among respondents

work more than 40 hours a

week.

Wage and salary earners generally put in long working hours, averaging

43.3 hours a week. The median and average working hours per week in the

NCR were 48 hours and 47.3 hours, respectively. Similarly, the figures

exceeded 40 hours per week in AONCR, although lower than in NCR, with a

median of 48 hours and an average of 42.6 hours.

About four in ten respondents

receive a monthly salary of

P5,000 or less.

The average and median monthly gross salary of respondents stood at

P23,172 and P6,000, respectively. About two-fifths or 38.6 percent of

respondents earned P5,000 and below per month, lower than the 2013 first




Manila, Philippines

www.bsp.gov.ph

semester food poverty line estimate of the PSA.24

In the NCR, the median monthly gross salary of respondents was higher

compared to those in AONCR. Nearly one-fifth (20.9 percent) of respondents

in the NCR and 41.5 percent of respondents in AONCR earned P5,000 and

below per month in 2014.

Work and Income of Respondent’s Spouse

Majority of respondents’

spouses are working.

About 91.1 percent of respondents’ spouses were working and reported the

following as their work status: employee or wage and salary worker

(52 percent), self-employed (35.6 percent), and employer of a business

(0.5 percent).

Most respondents’ spouses had only one type of job (96 percent) while

4 percent held two or three types of jobs.

Most respondents’ spouses

reported working the full

12 months in 2013.

About 8 in 10 of wage and salary earners among respondents’ spouses

reported working for the entire year in 2013 (i.e., 331 days and over).

Meanwhile, 6.6 percent reported working for 181-330 days, and the

remaining 12.9 percent worked from 1 to 180 days.

Nearly three-fifths of

respondents’ spouses who are

wage and salary earners have

stable jobs.

Close to three-fifths (58.9 percent) of respondents’ spouses can be

considered to have stable jobs given that 45.4 percent worked for private

non-farm establishments and 13.5 percent worked for the government.

Meanwhile, 36.9 percent of the spouses who worked for private households

(25.7 percent) or were paid farm workers (11.2 percent) were considered

having unstable jobs that were mostly seasonal work and offered little or no

job security.

Respondents’ spouses mainly worked in other service activities; agriculture,

hunting, forestry and fishery; and construction. In the NCR, majority of the

respondents’ spouses worked in other service activities; construction;

transport and storage; manufacturing; and other industry (not elsewhere

classified) sectors. In the AONCR, they were mostly in agriculture, hunting,

forestry and fishery; other service activities and construction.

Majority of wage and salary

earners among respondents’

spouses work more than 40

hours a week.

Like the survey respondents, wage and salary earners among respondents’

spouses put in long working hours, with average and median working hours

per week of 46.9 hours and 48 hours, respectively. The average and median

working hours per week in the NCR were 50.3 hours and 48 hours,

respectively. Similarly, for AONCR, the figures also exceeded 40 hours per

week with a median and average of 48 hours and 46.3 hours, respectively.

Less than one-third of

respondents’ spouses earn

P5,000 and below per month.

The median monthly gross salary of respondents’ spouses stood at P9,000 in

2013. About 26.2 percent of respondents’ spouses earned P5,000 and below

per month. In the NCR, the median monthly gross salary of respondents’

24 Based on official Philippine Poverty Statistics released by the PSA from the results of the Annual Poverty Indicators Survey (APIS) during the

first semester of 2013, a family of five needed P5,590 monthly income to meet the family’s basic food needs and at least P8,022 monthly

income to the meet basic food and non-food needs.




Manila, Philippines

www.bsp.gov.ph

spouses was P12,000, higher than the corresponding AONCR figure of P8,000.

Those earning P5,000 and below per month comprised 11.5 percent of NCR

respondents and 28.8 percent of AONCR respondents.

Financial Assistance from Abroad and Local Sources

One in eight households

receives financial assistance

from abroad.

About one-eighth of households received financial assistance from abroad in

the form of cash, gift, or other forms of transfers in 2013. The average

amount received by each of these households was P59,295 a year, while the

median amount was P10,000.

By area, a bigger proportion of NCR households received financial assistance

from abroad (at 14.1 percent) compared to AONCR respondents (at

13.1 percent). Similarly, the average and median amounts of remittances

received per household was greater in the NCR at P70,071 and

P15,000, respectively, compared to their corresponding figures of

P57,480 and P10,000 in AONCR.

Financial assistance also

comes from other households,

government, and private

agencies.

Households also received financial assistance from domestic sources such as

the government (13.5 percent), other households (10 percent), and private

institutions (1.2 percent). The median amount received by households from

said sources for the year 2013 were P4,800, P5,000, and P4,000, respectively.

2. Businesses Including Self-Employed

Two in 10 households own a

business or a farm.

The percentage of households who own a farm or business was recorded at

18.1 percent in 2014. A slightly higher percentage of households in AONCR

(18.2 percent) owned a farm or business compared to 17.7 percent in NCR.

Among those households with businesses, most had only one business

(89.6 percent) while 10.4 percent owned two or more businesses.

Most businesses in both NCR

and AONCR are in the

wholesale and retail trade

sector.

Businesses of households were mainly in wholesale and retail trade;

agriculture, hunting and forestry; and accommodation and food service

activities. In NCR, businesses were mostly in the wholesale and retail trade;

followed by accommodation and food service activities; and other industries.




Manila, Philippines

www.bsp.gov.ph

Similarly, in AONCR, businesses were primarily in wholesale and retail trade;

followed by agriculture, hunting and forestry; and other service activities.

Businesses are mostly started

by the respondents and their

families.

Most (92.2 percent) businesses were self-started by the respondents and

their families. Almost half of businesses (47.4 percent) started operations for

the last five years. In NCR, 57 percent of businesses were at least five years

old, higher compared to 46 percent in AONCR.

Most businesses have no

employees and generate lower

income in 2014 compared to

the previous survey round.

Half of the businesses reported had only one employee─the respondent

himself or another household member―slightly lower than 63 percent in

2009, while 29.9 percent had two employees and 14.9 percent had

3-5 employees. In terms of earnings, the average and median net income or

profit before taxes nationwide declined from P81,058 and P36,000,

respectively, in 2009 to P53,126 and P24,000 in 2014. In NCR, the average net

income or profit before taxes was P70,509, higher than that of AONCR at

P50,912, but the median net income in AONCR surpassed that of NCR by

P4,000. These numbers indicated that majority of businesses belonged to the

informal sector.

Majority of businesses have a

total value of less than P100

thousand.

According to respondents’ valuation, the average and median values of their

businesses, if sold at the time of the survey, were P4,624,027 and

P50,000, respectively. The average values of businesses were P3,411,656 and

P4,777,000, in NCR and AONCR, respectively. Meanwhile, the median value

of businesses was P30,000 in NCR and P50,000 in AONCR. Majority of

businesses have a total value of less than P100,000.

3. Total Income of the Households

The median total income of

households is P106,180.

The average and median total income of households in 2013 were

P178,607 and P106,180, respectively. The average and median income were

P243,774 and P156,600, respectively, in NCR, and P166,507 and P96,400, in

AONCR.

The 2013 average family income estimated from the survey results was lower

than the official average family income figures from the 2012 Family Income

and Expenditures Survey (FIES) at P235,000.




Manila, Philippines

www.bsp.gov.ph

4. Expenditures Spending on Basic Goods and Services

The biggest expenditure of

households is on food and

beverage consumed at home.

The biggest share in both the 2009 and 2014 surveys went to food and

beverage consumed at home. The annual average spent per household on

food and beverage consumed at home in the 2014 CFS increased to P69,418

from P64,199 in 2009 CFS, while the median amount remained at P54,000.

The next biggest share was on house rent at 12.2 percent, albeit lower

compared to the 18.5 percent share in the 2009 CFS. Households prioritized

other basic needs such as transportation, education, electricity, medicine and

medical services and communication, house repairs and maintenance and

clothing. The spending pattern of households in the 2014 CFS results was

almost the same as the 2009 CFS results. Meanwhile, the percentage of

household spending for travel and vacation, special occasion, recreation and

household help declined for NCR and Regions 1, 7, and 11 in the 2014 CFS

compared to the 2009 CFS.




Manila, Philippines

www.bsp.gov.ph

Spending on Recreation, Travel, House Repairs and Appliances, and Household Help Services

One in four households spend

money for recreation and

household appliances.

One in four households (24.0 percent) reported spending for recreational

activities in 2013, with an average (median) annual expense of

P1,449 (P500). Similarly, 24.9 percent of households bought furniture or

household appliances with an average (median) cost of P5,456 (P1,500). For

house repairs and maintenance, 22.1 percent of households spent an average

(median) amount of P18,427 (P3,000). A smaller number of households

(12.9 percent) spent P7,783 (P3,000) for travel or vacation while only

3.7 percent of households spent an average (median) amount of

P25,152 (P12,000) for household help services (including helpers, drivers,

cooks, and gardeners) in 2013.

Spending for Special Occasions and Gifts

Nine in ten households spend

for special occasions.

Nearly all survey respondents (93.0 percent) to the 2014 CFS reported

spending for special occasions, with average (median) expense of P3,732

(P2,000). About one for every five respondents spent for gifts, with an

average (median) amount of P2,662 (P1,000).

Unspent Income and Emergency Money

About one-third of households

spend more than their income.

About one-third or 33 percent of households reported that they spent more

than their household income, lower compared to the previous survey results.

Comparable figures among NCR respondents showed that only 28.2 percent

of respondents reported spending more than their income in 2013, lower

compared to 45.7 percent in 2008. Likewise in Regions 1, 7, and 11,

34.4 percent reported spending more than their income in 2013, lower

relative to 42.3 percent in 2008. Meanwhile, more than half (61.0 percent)

spent as much as their income in 2013 and a small percentage (6 percent)

reported that they spent less than their income for the same period. The

average unspent income in 2013 was P20,696, while the median was

P2,000. Unspent income was generally higher in the NCR compared to that in

AONCR.

Nearly 5 in 10 households do

not have any cash on hand for

emergency.

Almost 50 percent of households (46.7 percent) reported not holding any

cash on hand for emergency and unexpected expenses. For those who had

cash on hand for emergency, the average and median amounts of cash

holdings were P3,964 and P1,000, respectively.

D. Preferences and Behaviours

Respondents are inclined

towards saving and display

good sense in the use of their

extra money.

The percentage of respondents with inclination towards saving money and

putting it in the bank (if they have surplus money) increased. The increase

was more pronounced in the NCR at 60.5 percent (from 51.8 percent in the

2009 survey) than in AONCR (for Regions 1, 7, and 11) at 32.9 percent (from

29.4 percent). Those who preferred to save cash at home remained broadly

steady at 38 percent. The improvement in respondents' preference to save in

banks could be due to their perception that it is safer to keep money in the

bank.




Manila, Philippines

www.bsp.gov.ph

Respondents also intended to use their extra money for house

improvements/renovation, (14.4 percent), tuition fee (14.2 percent), and

investment in business (14.0 percent). A small percentage indicated that they

will use their extra money for educational plans, payment of debts, helping

parent/relatives, charity, shopping, travel, and buying car/appliances.

In NCR, 60.5 percent of the respondents chose to deposit their surplus money

in the bank, higher compared to about 41 percent in AONCR. In contrast, a

smaller percentage of respondents in NCR (25.2 percent) would keep their

surplus money at home for emergency compared to that in AONCR

(40.1 percent of households).

Seven in ten respondents are

not risk takers when it comes

to income and business.

Most respondents would not risk their income to undertake risk-taking

activities that could possibly increase their current level of income. About 7 in

10 respondents chose to stick to their current level of sure income of

P2,500 per week rather than take the risk of entering into a new business and

earn from P1,000-P4,000 per week. Likewise, respondents were also asked

to choose between receiving P10,000 cash now or waiting a month to get

P10,500. Majority of respondents preferred to get the cash at once rather

than wait for a month to get a higher amount. These attitudes reflect

respondents’ risk aversion with respect to income from both economic

activities and interest earnings.

E. Respondents’ Profile

Among the survey

respondents, females

outnumber males with a

ratio of six to four.

A breakdown of respondents by gender showed that 62.5 percent were female

and 37.5 percent were male. These findings are supported by the 2014 Labor

Force Survey results which showed a bigger percentage of men, compared to

women, in the working population and therefore, female respondents would

more likely be found at home by the interviewer during the survey.




Manila, Philippines

www.bsp.gov.ph

Most of the respondents

are between 21 to

64 years old.

By age group, 84.6 percent of respondents belonged to the 21 to 64 years old

age bracket while 14.6 percent were 65 years old and over. Only a very small

percentage of respondents (0.8 percent) were 15-20 years old. The average

age of respondents was 49.2 years old while the median age was 48 years old.

A similar age pattern of respondents was observed for both NCR and AONCR.

Three in four respondents

are married or with

partner.

In terms of civil status, majority of the respondents (76.2 percent) were

married or with partner. The remaining 23.8 percent were widowed

(14.1 percent), single (6.1 percent) or divorced/separated (3.6 percent). The

civil status of NCR and AONCR respondents were broadly similar to the

nationwide profile.

Nearly half of the

respondents are high

school or college

graduates.

Among all respondents, nearly half (46.4 percent) were either college or high

school graduates (i.e., 25.6 percent high school, 20 percent college,

0.4 percent has some post-graduate education and 0.4 percent with

post-graduate degree) at the time of the survey. The other respondents were

either elementary graduates (34.9 percent) or did not finish elementary

education (15 percent).

III. Policy Implications and Recommendations

The following are some of the key policy implications that can be drawn from the results of the survey:

1. Strengthen efforts and advocacy towards greater financial inclusion by both government and

the private sector. The increase in household ownership of non-financial assets such as

respondents’ homes, motor vehicles and consumer durables indicate significant gains in

household wealth in 2014 as compared to the 2009 CFS results. This is supported by stable

employment, higher percentage of loan payments, more balanced household budgeting and a

general improvement in education and health insurance coverage of household members.

However, a big majority of households remains unbanked, citing that they did not have enough

money to open a bank/deposit account. Technological and communication advances open a lot

of opportunities for those with deposit accounts, as it facilitates (safe) payments and settlements

of business transactions even if the contracting parties are miles apart. This put those who do

not have bank accounts at a disadvantage, thus, limiting their business transactions. At present,

those who normally open an account are the ones with savings. Providing the unbanked

particularly those with not enough savings the opportunity to open bank accounts will also

create opportunities for them to earn more and save more. One of the initiatives of the BSP is to

support and intensify the expansion of micro-banking offices (MBOs) in unbanked municipalities

to enable lower income individuals to open an account with a maintaining balance less than P100

and without dormancy charges. This is in line with BSP Circular No. 694 issued on

14 October 2010 which allows for the establishment of micro-banking offices in unbanked cities

and municipalities that service micro deposits and micro loans. Furthermore, the infrastructure

for both government and private banks may have to be expanded/created (more branches,

longer banking hours and upgraded interbank and payment and settlement network) to

accommodate the possible tripling or quadrupling of the current number of bank accounts.

These steps are expected to strengthen efforts/advocacy towards greater financial inclusion

especially among the lower income groups.




Manila, Philippines

www.bsp.gov.ph

2. Expand government retirement programs/policies to cover more working and non-working

Filipinos. At present, a significant percentage of employees working in government and the

private sector are not covered by retirement insurance. Moreover, for those who worked for

private households and the self-employed as well as among homemakers and the unemployed, a

bigger percentage is not covered. In view of this, the current retirement programs will have to be

expanded to be able to increase retirement insurance coverage across employment status. More

affordable retirement insurance programs may be formulated to enable those working for

MSMEs, private households, the self-employed and homemakers to be covered by a retirement

insurance.

3. Increase financial education campaigns for employers and employees in MSMEs and private

households, in sectors lagging behind in financial inclusion, and institutionalize financial

education in the country’s school system from elementary to college. There is need to expand

and intensify the financial education campaigns on the importance of savings and in opening

deposit accounts among employers and employees in MSMEs and the self-employed/workers

with no permanent employment in the lagging sectors such as those in agriculture, hunting and

forestry, fishing, and construction. This is to be able to reach out to a big majority of the

country’s working class and to encourage them to develop the culture of saving, especially to

their children. Moreover, institutionalization of financial education in the country’s school system

will provide formal learning and deepen understanding for the entire population. To date, the

BSP has already partnered with DepED to include in the grade school curriculum lessons in

savings, money management, and entrepreneurship through 3 entry subjects (Social Studies,

Values Education, and Home Economics). This initiative could be extended to the K-12 program,

particularly senior high school to include knowledge on various savings and investments

instruments such as government and corporate bonds, time deposits, stock market, and mutual

funds.

4. There is a need to also include in the government’s financial education programs the

importance of retirement insurance and regular/timely payment of premiums to national

pension and retirement funds among household members. The benefits of joining the national

insurance and pension system and the regular payment of premium should likewise be

incorporated in the government’s financial education programs, such as the BSP-EFLP. One

retirement fund that is about to be launched by the BSP (which could be included in the EFLP) is

the Personal Equity Retirement Account (PERA) which could be beneficial to all Filipinos aged 18

years old and above with income from employment, business or other sources. Under the PERA,

Filipinos can invest up to P100,000 (P200,000 for OFW) per unit for a maximum of 5 units and the

investment and earnings could be distributed to the contributor/investor upon reaching age 55.




Manila, Philippines

www.bsp.gov.ph

5. There is a need to monitor credit granted through “shadow banking” transactions and the

possible regulatory and supervisory infrastructure to monitor system-wide risk exposure to

particular sectors without reducing credit opportunities for consumers.

Considering that most households that borrowed money did so from non-bank

institutions/companies, particularly in-house financing, non-bank government institutions

and money lenders, banks may have the incentive to take advantage of the regulatory

arbitrage by increasing their exposure to shadow banks.25

As the economy continues to expand,

lending activities of non-banks, particularly lending institutions, could increase significantly,

underscoring the need to look into the potential risks of overexposures to certain sectors, like

real estate as well as the financial soundness of loan practices and transactions of non-banks.

Moreover, the linkage and degree of exposure of banks to non-bank institutions (financial and

non-financial institutions) which provide in-house financing has to be measured and monitored

regularly so that the appropriate/timely mechanism and policies could be crafted and put in

place to effectively manage credit risks. A recent memorandum of agreement (MOA) was signed

by the members of the Financial Stability Coordination Council, comprising of the BSP,

Department of Finance (DOF), Insurance Commission (IC), Philippine Deposit Insurance

Corporation (PDIC), and Securities and Exchange Commission (SEC), with the Housing and Land

Use Regulatory Board (HLURB). The MOA will facilitate information sharing among the agencies

as a proactive initiative of the Council to better understand the interconnectedness and to

mitigate the build-up of systemic risks in the financial system. With this MOA, the BSP could now

request the support of the HLURB in collecting data from non-bank financial and non-financial

institutions who are engaged in construction, selling, and lending activities in the real estate

sector for monitoring the total debt exposure of the financial system to the real estate sector as

well as their lending practices to safeguard risks arising from overexposure and unsound loan

transactions.

25

Shadow banks can be defined as financial intermediaries that conduct maturity, credit, and liquidity

transformation without explicit access to central bank liquidity or public sector credit guarantees. Examples of

shadow banks include finance companies, asset-backed commercial paper (ABCP) conduits, structured

investment vehicles (SIVs), credit hedge funds, money market mutual funds, securities lenders, limited-

purpose finance companies (LPFCs), and the government-sponsored enterprises (GSEs) (see Pozsar et al. 2012,

“Shadow Banking”, Federal Reserve Bank Staff Paper).

1/13/17 12:19

PHL NCR Reg 1-7-11 PHL NCR AONCR Reg 1-7-11

Total Households (HH) 4,788,376 2,151,458 2,636,918 Total Households (HH) 7,790,891 1,085,826 6,705,064 1,438,654

Total Household (HH)

Members23,480,878 10,668,594 12,812,284

Total Household (HH)

Members 37,971,001 5,400,291 32,570,709 7,003,766.2

Age Group Age Group

0-4 8.6 8.8 8.4 0-4 8.1 6.9 8.3 8.6

5-14 21.5 20.8 22.1 5-14 21.5 18.2 22.0 21.4

15-24 20.2 20.1 20.3 15-24 20.2 20.7 20.2 19.6

25-34 14.0 15.6 12.7 25-34 12.8 15.9 12.3 12.6

35-44 12.5 13.0 12.1 35-44 12.1 12.0 12.2 12.0

45-54 10.8 10.6 11.0 45-54 11.4 12.4 11.2 11.0

55-64 7.0 6.4 7.4 55-64 8.0 8.4 7.9 8.3

65 and over 5.4 4.7 6.1 65 and over 5.9 5.5 6.0 6.4

Average age 28.5 28.2 28.8 Average age 29.3 30.3 29.2 29.5

Median age 24.0 25.0 24.0 Median age 25.0 27.0 24.0 25.0

Age dependency ratio 0.55 0.52 0.58 Age dependency ratio 0.51 0.44 0.57 0.57

Number of HH Members Number of HH Members

1-3 28.0 26.1 29.5 1-3 28.5 27.6 28.6 28.4

4-6 51.0 53.2 49.3 4-6 51.6 52.2 51.5 51.2

7-9 17.3 16.8 17.7 7-9 16.0 15.2 16.1 16.1

10 and Over 3.7 3.9 3.5 10 and Over 4.0 5.1 3.8 4.4

Average Household Size 4.9 5.0 4.9 Average Household Size 4.9 5.0 4.9 4.9

Relationship to Respondent Relationship to Respondent

Respondent 21.6 21.4 21.7 Respondent 20.5 20.1 20.6 20.6

Spouse 16.2 15.5 16.7 Spouse 15.7 15.1 15.8 15.7

Son/Daughter 43.0 41.8 44.0 Son/Daughter 44.8 41.5 45.4 44.4

Other relatives 18.3 20.3 16.8 Other relatives 18.5 22.6 17.9 18.8

No relation 0.9 1.0 0.8 No relation 0.5 0.7 0.5 0.6

Proportion of HH Members

Who are Presently Residing in

Respondent's House

Proportion of HH Members

Who are Presently Residing in

Respondent's House

Presently Residing in

Respondent's House 96.3 97.0 95.6


Respondent's House 95.6 97.2 95.4 95.1

Not Presently Residing in




Proportion of HH Heads Who

are Presently Residing in

Respondent's House

Proportion of HH Heads Who

are Presently Residing in

Respondent's House









Reasons of HH Members for

Not Residing in Respondent's

House

Reasons of HH Members for

Not Residing in Respondent's

House

Working far from home

(w/in the Philippines) 40.1 18.3 52.4

Working far from home

(w/in the Philippines) 48.3 26.0 50.5 49.1

Working abroad 33.7 49.0 25.0 Working abroad 30.7 47.0 29.1 27.4

Studying far from home

(w/in the Philippines) 13.8 12.5 14.5

Studying far from home

(w/in the Philippines) 12.3 8.9 12.7 14.1

On vacation 9.6 14.9 6.7 On vacation 6.2 13.2 5.5 5.9

Others 2.7 5.4 1.2 Others 1.7 3.3 1.5 2.4

Sick/in hospital 0.2 0.0 0.3 Sick/in hospital 0.8 1.6 0.7 1.2

HH Members Who are

Currently Attending School

HH Members Who are


Yes 32.1 32.5 31.7 Yes 37.7 35.4 38.1 37.3

No 67.8 67.3 68.2 No 61.9 64.2 61.6 62.4

Don't know / No response 0.1 0.2 0.1 Don't know / No response 0.4 0.5 0.4 0.4

Household Characteristics

In Percent

In Percent

In Percent

In Percent

1/ The CFS was conducted in all regions in the Philippines except ARMM and the province of Leyte with a

total sample size of 18,000 households. All of the survey figures computation are weighted based on the

NSO Master Sample.

In Percent

In Percent

CONSUMER FINANCE SURVEY RESULTS

A. Demographic Characteristics

2009 2014

In Percent

In PercentIn Percent

Household Characteristics

In Percent

1/ The CFS was conducted in four regions in the Philippines-NCR, Regions I, VII and XI

with a total sample size of 10,520 households. All of the survey figures computation are

weighted based on the NSO Master Sample.

In Percent

In Percent

In Percent

In Percent

2009 2014


Current Educational Level of

HH Members who are


Current Educational Level of

HH Members who are


Nursery/Kinder/ Preparatory 11.6 11.0 12.1 Pre-school 9.8 9.2 9.9 10.0

Elementary 47.5 45.3 49.3 Elementary 47.4 42.2 48.2 48.2

High School 28.3 28.3 28.3 High School 28.7 27.5 28.9 28.2

Post Secondary 0.8 1.0 0.6 Vocational / Technical 1.3 1.9 1.2 1.1

College 11.8 14.4 9.6 College 12.7 19.0 11.8 12.3

Post Graduate 0.1 0.1 0.1 Post Graduate 0.1 0.2 0.1 0.1

Highest Educational

Attainment of HH

Members who have Stopped

Attending School Aged 21

Years Old and Over

Highest Educational

Attainment of HH Members

who have Stopped Attending

School Aged 21 Years Old and

Over

No grade 0.3 0.2 0.3 Pre-school 0.5 0.2 0.5 0.7

Nursery/Kinder 0.2 0.1 0.2 Some Elementary 13.2 4.0 14.8 14.9

Grade 1-3 4.8 1.9 7.1 Elementary 17.9 7.8 19.6 19.0

Grade 4-6 9.0 4.2 13.0 Some High School 14.7 13.2 15.0 14.0

Elementary Graduate 11.6 7.9 14.8 High School 27.3 37.4 25.6 26.4

1st-3rd Year High School 13.0 11.9 14.0 Vocational / Technical 4.2 5.1 4.0 3.7

High School Graduate 27.1 31.3 23.5 Some College 10.0 16.9 8.9 9.6

Post Secondary Non-Tertiary

Technical/Vocational

Education Undergraduate

1.0 1.2 0.8 College 11.4 14.4 10.9 10.4



Education Graduate

3.1 4.1 2.3 Some Post Graduate 0.3 0.5 0.3 0.5

1st yr-4th Year College 12.8 16.5 9.9 Post Graduate 0.4 0.4 0.4 0.5

College Graduate 16.6 20.3 13.5 Don't know/No response 0.1 0.1 0.2 0.2

Post Grad Degree units

earned/enrolled0.2 0.2 0.2

Post Grad Degree Earned 0.3 0.2 0.3

Don't know/No response 0.1 0.1 0.0

General State of Health General State of Health

Excellent 9.1 11.5 7.1 Excellent 8.4 3.2 9.2 12.6

Very Good 38.0 40.3 36.2 Very Good 17.9 11.0 19.0 22.4

Good 40.6 37.8 42.9 Good 61.5 72.6 59.7 51.7

Fair 9.9 8.3 11.1 Fair 9.6 10.7 9.4 10.1

Poor 2.0 1.7 2.2 Poor 2.3 2.3 2.3 2.6

Very Poor 0.4 0.3 0.4 Very Poor 0.3 0.2 0.4 0.5

Don't know 0.0 0.0 0.0 Don't know 0.1 - 0.1 0.1

HH Members covered by

Health Insurance

HH Members covered by

Health Insurance

Yes 29.0 29.2 29.0 Yes 41.1 40.4 41.2 34.4

No 71.0 70.8 71.0 No 58.9 59.7 58.8 65.6

Type of Health Insurance of

HH Members

(Among Insured HH Members)

Type of Health Insurance of

HH Members (Among

Insured HH Members)

Phil Health 93.6 90.8 95.8 Phil Health 98.1 94.8 98.6 98.1

Private (HMO, Bluecross, etc) 4.0 5.6 2.8 Private 1.3 3.5 1.0 1.1

Both 2.4 3.6 1.3 Both 0.6 1.6 0.5 0.7

In Percent

In Percent

In Percent

In Percent

Health Status


In Percent

In Percent

In Percent

In Percent


Housing Characteristics Housing Characteristics

Single Detached 78.0 63.8 89.7 Single Detached 86.2 74.2 88.2 90.0

Single Detached with Attached

Room10.2 12.3 8.5

Single Detached with Attached

Room10.8 16.3 9.9 7.4

Townhouse 5.4 11.5 0.4 Townhouse 0.2 0.4 0.2 0.0

Duplex 4.1 8.5 0.5 Duplex 1.4 3.0 1.2 2.4

Apartment (1-4 units) 2.0 3.4 0.9 Apartment (1-4 units) 0.9 4.1 0.4 0.2

Apartment Complex

(5 units and up)0.2 0.3 0.0

Apartment Complex

(5 units and above)0.3 1.4 0.1 0.0

Condominium 0.1 0.2 - Mid-rise Condominium

(5-10 floors)0.0 0.2 - 0.0

High-rise Condominium

(11 floors and up)0.0 0.0 - 0.0

Tenement 0.0 0.2 - 0.0

Housing Units Sizes

(in square meter)

Housing Units Sizes

(in square meter)

0-10 4.1 7.1 1.7 0-10 1.5 0.8 1.6 3.0

11-30 37.5 40.2 35.4 11-30 29.9 40.9 28.1 30.3

31-50 26.4 22.2 29.8 31-50 23.1 25.0 22.8 22.1

51-99 21.8 20.2 23.0 51-99 22.7 24.0 22.5 20.0

100-199 8.0 8.0 7.9 100-199 14.5 7.0 15.7 14.4

200-499 2.1 2.1 2.0 200-499 7.0 2.0 7.8 7.9

500-999 0.2 0.2 0.2 500-999 1.1 0.2 1.3 1.8

1000 and up - - - 1000 and up 0.3 - 0.4 0.6

Average 55.5 52.3 58.1 Average (trimmed at 1%) 94.8 53.2 101.6 114.1

Median 40.0 35.0 40.0 Median 50.0 40.0 50.0 50.0

Number of Bedrooms in the

House/Unit

Number of Bedrooms in the

House/Unit

0 Bedroom 17.2 23.4 12.0 0 Bedroom 17.2 22.7 16.3 16.6

1 Bedroom 31.8 32.1 31.6 1 Bedroom 32.5 42.5 30.9 30.3

2 Bedrooms 31.5 26.3 35.8 2 Bedrooms 34.1 21.7 36.2 34.9



5 or more Bedrooms 2.3 2.6 2.1 5 or more Bedrooms 1.2 1.4 1.2 1.6

Average 2.0 1.0 2.0 Average 2.0 1.0 2.0 2.0

Median 2.0 1.0 2.0 Median 2.0 1.0 2.0 2.0

Materials Used in Outer Walls

of Home/Unit

Materials Used in Outer Walls

of Home/Unit

Wood 64.8 57.7 70.6 Concrete, brick, stone 53.3 77.5 49.4 43.1

Concrete, brick, stone 53.6 69.5 40.7 Wood 43.3 41.3 43.6 40.0

Half concrete brickstone and

half galvanized iron21.5 17.6 24.7 Bamboo/sawali/cogon/nipa 18.5 0.2 21.5 15.8

Bamboo/sawali/cogon/nipa 18.8 0.2 34.0 Half concrete brickstone and

half galvanized iron18.4 13.2 19.2 22.3

Makeshift/salvaged materials 1.7 0.9 2.3 Makeshift/salvaged materials 2.6 1.4 2.8 3.1

No walls 0.1 0.1 0.1 No walls 0.2 0.1 0.2 0.0

Perception of Respondents on

Home/Unit Condition

Perception of Respondents on

Home/Unit Condition

Very Good (safe and decent

with no need of repair)5.9 8.9 3.4

Very Good (safe and decent

with no need of repair)7.8 8.9 7.7 8.5

Good (safe and decent but

needs some minor repair)38.2 46.1 31.7

Good (safe and decent but

needs some minor repair)34.9 38.9 34.3 32.8

Fair (in need of some

moderate repair)41.8 34.3 47.8

Fair (in need of some

moderate repair)43.1 43.5 43.0 41.5

Poor (in need of major repair) 14.2 10.7 17.1 Poor (in need of major repair) 14.2 8.7 15.0 17.1

2014

In Percent

In Percent

In Percent

In Percent

2009

In Percent

B. Assets and Liabilities

In Percent

In Percent

In Percent

1. Respondent's Residence

In Percent

In Percent

2009 2014


Ownership of Residence Ownership of Residence

Owns/co-own house/unit and

lot38.0 31.3 43.5

Owns/co-own house/unit and

lot44.1 34.7 45.6 48.3

Owns/co-own house/unit only 30.8 23.8 36.5 Owns/co-own house/unit only 31.4 28.1 31.9 32.1

Rent/Lease 13.0 24.6 3.6 Rent/Lease 6.7 22.0 4.2 4.1

Neither own nor rent 18.0 20.1 16.3 Neither own nor rent 17.8 15.2 18.3 15.4

Others 0.2 0.3 0.0 Others 0.1 0.0 0.1 0.1

Percent of Ownership of

Household in the Property

Percent of Ownership of

Household in the Property

0.0-10.4 0.9 1.7 0.5 0.0-10.4 0.6 1.0 0.6 0.6

10.5-20.4 1.6 2.8 0.9 10.5-20.4 0.5 0.9 0.4 0.3

20.5-30.4 2.2 4.6 0.8 20.5-30.4 0.5 1.0 0.4 0.6

30.5-40.4 0.7 1.4 0.4 30.5-40.4 0.2 0.4 0.1 0.2

40.5-50.4 6.4 13.5 2.5 40.5-50.4 7.8 10.2 7.5 5.5

50.5-60.4 0.1 0.2 0.0 50.5-60.4 0.1 0.0 0.1 0.3

60.5-70.4 0.1 0.3 0.1 60.5-70.4 0.3 0.3 0.3 0.8

70.5-80.4 0.2 0.4 0.0 70.5-80.4 0.9 0.9 0.9 1.8

80.5-90.4 0.0 0.1 - 80.5-90.4 0.5 0.0 0.5 1.1

90.5-100.0 87.7 75.0 94.8 90.5-100.0 88.5 85.2 88.9 88.1

Don’t' Know 0.2 0.0 0.2 0.7

Household Assessment of

Housing Cost

Household Assessment of

Housing Cost

Expensive 18.1 22.8 14.3 Expensive 16.7 12.4 17.4 19.8

Inexpensive 17.2 13.0 20.5 Inexpensive 19.4 10.5 20.8 20.9

Just right 64.7 64.2 65.2 Just right 63.9 77.1 61.8 59.2

Family's Share of Property

Based on Gross Current

Market Value (In

Pesos)

Family's Share of Property

Based on Gross Current

Market Value

(In Pesos)

0-5,000 2.8 0.4 4.1 0-5,000 3.5 1.3 3.8 4.7

5,001-10,000 4.2 1.3 5.8 5,001-10,000 5.2 1.3 5.7 5.6

10,001-25,000 9.1 4.0 12.0 10,001-25,000 11.1 10.6 11.2 10.5

25,001-50,000 15.5 10.5 18.4 25,001-50,000 17.6 10.3 18.6 21.8

50,001-100,000 18.6 18.6 18.6 50,001-100,000 20.2 16.9 20.7 22.6

100,001-300,000 20.4 20.6 20.2 100,001-300,000 20.6 20.8 20.6 19.1

300,001-500,000 9.8 11.3 8.9 300,001-500,000 8.0 9.1 7.9 6.7

500,001 and up 19.6 33.2 11.9 500,001 and up 13.7 29.8 11.5 9.1

Average 516,802.0 934,256.8 282,474.3 Average (trimmed at 1%) 383,548.6 734,826.1 336,622.6 299,252.7

Median 100,000.0 250,000.0 100,000.0 Median 100,000.0 200,000.0 100,000.0 80,000.0

Mode of acquisition of

Residence (For HHs that

owns/co-own house/unit and

lot or owns/co-own

house/unit only)

Mode of acquisition of

Residence (For HHs that

owns/co-own house/unit and

lot or owns/co-own

house/unit only)

Purchased with Cash 64.8 55.0 70.3 Purchased with Cash 51.7 40.3 53.2 44.4

Inheritance/Gift 29.6 33.7 27.3 Inheritance/Gift 39.4 42.6 38.9 39.7

Purchased with Loan 2.4 3.4 1.9 Nagpatayo lang 6.7 5.3 6.8 19.2

Purchased with Cash and Loan 4.3 4.5 4.1 Purchased with Loan 3.7 9.1 3.0 2.6

CARP 0.5 0.2 0.7 Purchased with Cash and Loan 1.5 2.3 1.3 1.2

Others 1.8 3.9 0.7 CARP 0.9 0.5 0.9 0.7

Others* 0.9 0.6 0.9 0.8

*Includes sinanla sa amin, pinatira lang, rent sa lote pero sarili yung bahay, kapalit isang baka

Amount of Loan Borrowed

(In Pesos)

Amount of Loan Borrowed

(In Pesos)

0-5,000 0.4 - 1.2 0-5,000 0.8 0.0 1.0 0.0

5,001-10,000 2.0 - 6.5 5,001-10,000 0.0 0.0 0.0 0.0

10,001-30,000 13.3 14.2 11.3 10,001-30,000 15.0 8.1 17.1 26.9

30,001-50,000 14.2 16.4 9.5 30,001-50,000 5.5 4.1 5.9 13.5

50,001-100,000 30.2 32.8 24.5 50,001-100,000 16.3 40.2 9.1 25.1

100,001-150,000 9.9 12.1 5.1 100,001-150,000 10.1 3.7 12.0 0.0

151,001-300,000 16.4 12.2 25.5 150,001-300,000 29.8 24.0 31.5 0.0

300,001-500,000 7.6 6.7 9.6 300,001-500,000 10.5 0.0 13.6 0.0

500,000-1,000,000 4.9 4.8 5.1 500,001-1,000,000 4.0 8.6 2.6 22.9

1,000,001 and up 1.0 0.7 1.6 1,000,001 and up 3.9 3.7 3.9 0.0

Don't Know 4.2 7.5 3.2 11.6

Average 171,815.9 159,061.3 200,305.7 Average 436,748.2 243,461.3 492,363.4 295,397.8

Median 93,000.0 90,000.0 100,000.0 Median 154,000.0 100,000.0 160,000.0 70,000.0

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009


Loan Providers Loan Providers

Government Institutions 59.7 66.1 45.3 Government Institutions 50.9 63.7 47.0 33.5

NHA 37.8 52.6 4.7 NHA 27.6 55.8 19.1 10.6

Pag-Ibig/HDMF 10.3 9.9 11.3 Pag-Ibig/HDMF 18.4 0.0 23.9 22.9

SSS 9.0 1.5 25.6 SSS 3.1 4.1 2.8 0.0

GSIS 2.6 2.0 3.7 GSIS 1.8 3.8 1.2 0.0

Banks 9.2 5.1 18.5 Banks 13.8 4.1 16.7 26.9

Rural/Cooperative Bank 5.0 1.5 12.9 Rural/Cooperative Bank 2.2 0.0 2.9 13.5

Commercial Bank 3.7 2.8 5.7 Commercial Bank 10.7 4.1 12.7 13.5

Savings/Thrift Bank 0.6 0.8 0.0 Savings/Thrift Bank 0.8 0.0 1.1 0.0

Money Lender 9.6 6.8 15.8 Money Lender 10.8 7.5 11.8 0.0

Relatives and Friends 3.6 3.1 4.7 Relatives and Friends 8.4 8.8 8.2 28.0

Financing Institution 1.0 0.9 1.2Financing Institution/

In-house financing7.7 8.3 7.5 11.6

Cooperative and Associations 10.7 10.2 11.8 Cooperative 2.0 0.0 2.6 0.0

Company (Employer) loan 0.6 0.9 0.0 Company (Employer) Loan 1.2 0.0 1.6 0.0

Others 5.6 6.9 2.8 Others 5.3 7.7 4.6 0.0

Number of Years Agreed upon

to Amortize Loan

Number of Years Agreed upon

to Amortize Loan

0-1.0 9.1 4.0 20.5 0-1.0 6.1 - 8.2 19.2

1.1-2.0 6.8 5.1 10.6 1.1-2.0 2.1 4.5 1.3 -

2.1-5.0 11.8 11.3 12.9 2.1-5.0 10.3 4.7 12.2 31.7

5.1-10.0 9.0 8.1 11.0 5.1-10.0 13.6 17.6 12.2 -

10.1-15.0 9.0 12.2 1.8 10.1-15.0 9.7 8.8 10.1 -

15.1-20.0 9.3 9.2 9.5 15.1-20.0 4.4 12.7 1.5 -

20.1-25.0 41.3 45.6 31.5 20.1-25.0 45.0 43.2 45.6 33.7

25.1-30.0 3.2 3.7 2.2 25.1-30.0 5.9 8.6 4.9 15.5

30.1-35.0 - - - 30.1-35.0 - - - -

35.1-40.0 - - - 35.1-40.0 - - - -

40.1-45.0 - - - 40.1-45.0 - - - -

45.1-50.0 0.5 0.7 - 45.1-50.0 1.0 - 1.3 -

50.1 and higher 2.0 - 2.7 -

Average 16.0 17.6 12.4 Average 18.2 19.1 17.9 14.7

Median 20.0 21.0 10.0 Median 25.0 25.0 25.0 5.0

Monthly Average Amount of

Amortization on the Mortgage

(In Pesos)

Monthly Average Amount of

Amortization on the Mortgage

(In Pesos)

0-500 30.4 35.4 18.0 0-500 12.3 11.5 12.5 14.8

501-1,000 20.8 24.8 11.0 501-1,000 17.1 33.7 12.4 0.0

1,001-5,000 38.8 32.5 54.2 1,001-5,000 58.1 43.4 62.3 68.0

5,001-10,000 5.3 3.2 10.7 5,001-10,000 8.4 0.0 10.7 17.1

10,001-50,000 4.0 3.5 5.2 10,001-50,000 4.2 11.5 2.1 0.0

50,000-100,000 0.7 0.6 0.9

Average 3,171.0 2,738.5 4,223.6 Average 3,361.7 3,727.6 3,257.6 2,907.9

Median 1,000.0 850.0 2,000.0 Median 2,000.0 1,083.3 2,500.0 2,000.0

Current Annual Rate of

Interest Being Charged on the

Loan

(In Percent)

Current Annual Rate of

Interest Being Charged on the

Loan

(In Percent)

0 8.6 7.8 10.6 0 14.8 24.9 11.7 16.3

1-5 27.0 31.1 17.7 1-5 17.9 16.0 18.5 11.6

6-10 46.5 43.1 54.1 6-10 18.1 39.4 11.7 12.0

11-20 14.1 15.2 11.7 11-20 7.7 3.7 8.8 13.5

21-30 1.5 - 4.8 21-30 4.1 0.0 5.4 13.5

31-40 1.9 2.8 - 31-40 0.0 0.0 0.0 0.0

41-50 - - - 41-50 0.0 0.0 0.0 0.0

51-60 0.4 - 1.2 51-60 0.0 0.0 0.0 0.0

61-70 - - - 61-70 0.0 0.0 0.0 0.0

71-80 - - - 71-80 2.6 0.0 3.4 0.0

81-90 - - - 81-90 0.0 0.0 0.0 0.0

91-100 - - - 91-100 0.9 4.1 0.0 0.0

Higher than 100 - - - Higher than 100 1.2 0.0 1.6 0.0

No response - - - No response 32.8 12.0 39.0 33.1

Average 8.2 8.0 8.7 Average 12.9 9.0 14.5 11.0

Median 7.0 7.0 7.0 Median 6.0 6.0 6.0 10.0

2014

In Percent

In Percent

In Percent

In Percent


In Percent

In Percent

2009 2014


Households with Outstanding

Loan Due to the Purchase of

Property

Households with Outstanding

Loan Due to the Purchase of

Property

WITH outstanding loan or

mortgage 3.7 7.0 1.8

WITH outstanding loan or

mortgage 2.7 6.1 2.2 1.5

WITHOUT outstanding loan or

mortgage 96.3 93.0 98.2

WITHOUT outstanding loan or

mortgage 97.3 93.9 97.8 98.5

Households by Status of Loan

Payments

Households by Status of Loan

Payments

Ahead 5.8 5.3 6.8 Ahead 12.1 4.1 14.5 36.7

On Schedule 42.1 39.4 48.2 On Schedule 43.8 63.3 38.0 41.8

Behind Schedule 50.2 52.6 45.0 Behind Schedule 43.3 32.6 46.5 21.5

No response 1.9 2.7 - Others 0.8 0.0 1.0 0.0

Households by Number of

Months Behind Schedule

Households by Number of

Months Behind Schedule

0-12 31.3 30.2 34.4 0-12 59.2 64.6 58.0 50.6

13-24 14.9 18.0 6.8 13-24 8.0 0.0 9.6 49.4

25-60 19.6 22.1 13.1 25-60 21.9 11.5 24.1 0.0

61-120 22.7 20.0 29.9 61-120 2.8 0.0 3.4 0.0

121-180 5.2 6.3 2.4 121-180 2.0 11.5 0.0 0.0

181-240 5.6 3.5 11.3 181-240 6.2 12.5 4.9 0.0

241-600 0.6 - 2.2 Average 34.3 54.8 29.9 13.4

Average 62.1 55.7 78.6 Median 12.0 12.0 12.0 3.0

Median 36.0 36.0 60.0

Ownership of Real Property Ownership of Real Property

Yes 16.2 15.4 16.8 Yes 13.0 11.2 13.4 11.9

No 83.8 84.6 83.2 No 87.0 88.8 86.6 88.1

Number of Properties Owned Number of Properties Owned

1 79.2 78.5 79.7 1 83.5 83.2 83.5 81.3

2 15.2 15.6 14.8 2 13.2 15.4 12.9 14.2

3 3.7 3.3 4.0 3 2.7 1.5 2.8 4.2

4 1.2 1.3 1.1 4 0.4 - 0.5 0.3

5-12 0.7 1.2 0.4 5-12 0.3 - 0.3 0.0

Type of Real Property Owned Type of Real Property Owned

Land 58.8 41.8 71.7 Land 62.3 52.7 63.6 76.6

Farm 10.8 6.9 13.8 Farm 30.8 5.3 34.2 22.8

House and lot 22.1 39.8 8.6 House and Lot 19.6 49.4 15.5 15.6

House 5.9 8.0 4.3 House 5.1 8.8 4.6 5.1

Fishpond 0.3 0.3 0.4 Fishpond 0.7 - 0.8 1.6

Commercial Building 0.5 0.9 0.2 Commercial Building 0.4 0.6 0.4 0.3

Condominium Unit 0.6 1.5 - Apartment 0.3 - 0.4 0.0

Ranch 0.1 0.1 - Condominium Building 0.2 0.5 0.2 0.4

Others 0.8 0.8 0.9 Condominium Unit 0.2 1.0 0.1 0.0

Others 0.2 - 0.2 0.9

In Percent

In Percent

In Percent

In Percent

2. Other Real Property Ownership (Apart from Respondent’s Residence)

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Use of the Property Use of the Property

Agriculture 40.9 20.0 56.7 Agriculture 63.8 24.3 69.2 61.3

Future home 9.2 12.4 6.8 Future home 19.8 48.3 16.0 22.4

Unoccupied 12.2 14.8 10.3 Unoccupied 10.3 7.5 10.7 10.6

Rent/Lease 9.7 15.5 5.3 Rent/Lease 6.7 12.0 6.0 4.5

Holiday or other private use 11.6 19.5 5.6 Holiday or private use 5.6 7.7 5.4 7.3

Uncultivated land 5.8 2.7 8.2 Uncultivated land 5.2 5.2 5.3 10.8

Business 2.5 2.4 2.7 Business 3.2 1.1 3.5 2.9

Investment 7.7 12.1 4.3 Investment 2.4 9.6 1.4 0.2

Others 0.3 0.5 0.1 Others 2.4 2.6 2.4 3.2

Manner of Acquisition Manner of Acquisition

Inheritance/Gift 51.6 47.3 54.9 Inheritance/Gift 59.8 56.3 60.3 63.4

Cash 41.8 43.9 40.3 Cash 33.2 33.6 33.2 28.2

Cash and Loan 3.1 5.1 1.6 Cash and Loan 1.5 1.7 1.4 4.9

Loan 2.7 3.7 1.9 Loan 2.1 6.9 1.5 1.3

CARP 0.8 - 1.4 CARP 3.0 1.0 3.3 1.7

Others 0.4 0.5 0.3 0.5

With Outstanding Loan due to

the Purchase of their Real

Properties

With Outstanding Loan due to

the Purchase of their Real

Properties

Yes 5.8 7.6 4.4 Yes 6.5 5.6 6.6 4.2

No 94.2 92.4 95.6 No 93.5 94.4 93.4 95.8

Gross Market Value of the

Family's Share of Real

Properties (In

Pesos)

Gross Market Value of the

Family's Share of Real

Properties if sold today (In

Pesos)

0-5,000 0.7 0.3 0.9 0-5,000 2.1 2.7 2.0 3.6

5,000-10,000 2.2 1.0 3.1 5,000-10,000 2.9 0.0 3.3 3.4

10,001-30,000 5.9 3.3 7.8 10,001-30,000 8.5 4.1 9.1 9.4

30,001-50,000 9.3 5.7 12.0 30,001-50,000 9.7 9.5 9.7 9.2

50,000-100,000 14.6 10.3 17.8 50,000-100,000 17.0 13.4 17.5 15.3

100,001-150,000 7.8 7.9 7.7 100,001-150,000 6.7 5.4 6.8 5.6

150,001-300,000 18.3 18.8 17.9 150,001-300,000 17.2 20.8 16.7 19.4

300,001-500,000 13.6 13.9 13.5 300,001-500,000 11.5 17.5 10.7 10.6

500,001-1,000,000 12.3 16.4 9.3 500,001-1,000,000 12.0 11.5 12.1 12.7

1,000,001 and up 15.4 22.5 10.0 1,000,001 and up 12.6 15.2 12.3 10.9

Average 802,573.0 1,124,582.0 558,405.0 Average (at 1%) 873,240.0 869,977.9 873,684.7 901,941.3

Median 220,000.0 402,000.0 170,000.0 Median 200,000.0 300,000.0 200,000.0 200,000.0

Institution that Provided the

Loan for the Real Property

(Among HHs that Purchased

their Real Property thru Loan)


Loan for the Real Property

(Among HHs that Purchased

their Real Property thru Loan)

Money Lender 36.5 28.3 47.2 Relatives and Friends 35.1 7.6 38.2 47.9

Commercial Bank 6.0 7.4 4.1 Money Lender 23.1 8.0 24.8 21.4

Rural/Cooperative Bank 10.1 5.2 16.5 Commercial Bank 14.7 7.6 15.6 12.2

Financing Institution 5.2 4.9 5.5 Rural / Cooperative Bank 6.1 0.0 6.7 10.0

Pag-IBIG/HDMF 18.7 23.5 12.5 Financing Institution 4.7 14.4 3.6 0.0

NHA 10.0 16.3 1.8 Pag-IBIG / HDMF 4.4 15.5 3.1 0.0

CARP 3.4 - 7.8 NHA 3.3 16.0 1.8 0.0

SSS 2.7 3.6 1.4 In-house financing / Real

Estate Developer3.3 8.1 2.8 0.0

Savings/Thrift Bank 2.5 4.5 - Company (Employer) loan 2.2 7.3 1.6 0.0

GSIS 2.0 2.4 1.5 GSIS 2.0 15.3 0.5 0.0

Cooperative 1.7 1.7 1.6 Credit Card Company 1.0 0.0 1.1 8.5

Others 1.2 2.2 - Cooperative 0.2 0.0 0.2 0.0

VehiclesVehicles

Ownership of Vehicles Ownership of Vehicles

Yes 24.3 21.9 26.4 Yes 27.5 20.4 28.6 28.0

No 75.7 78.1 73.6 No 72.5 79.6 71.4 72.0

Type of Vehicle Owned Type of Vehicle Owned

Motorcycle 54.9 43.4 62.6 Motorcycle 60.3 59.8 60.4 72.9

Tricycle 19.4 17.8 20.5 Tricycle 25.7 16.1 26.8 20.2

Cars/AUV/SUV/Vans * 32.2 47.7 21.6 Cars/AUV/SUV/Vans * 16.2 33.6 14.2 12.9

Motorized Boat / Pump Boat /

Boat4.1 0.2 6.7

Motorized Boat / Pump Boat /

Boat 5.6 0.5 6.2 4.1

Kuliglig 1.9 0.1 3.2 Kuliglig 2.0 0.0 2.3 1.8

Tractor 0.8 - 1.4 Tractor 1.2 0.0 1.3 0.9

Others 0.5 0.9 0.3 Others 1.8 0.5 1.9 1.8

* Household owned at least one of the following: cars, AUV/SUV, pick-up, jeep/owner-

In Percent In Percent

* Household owned at least one of the following: cars, AUV/SUV, pick-up, jeep/owner-

In Percent

In Percent

In Percent

In Percent

3. Ownership of Vehicles and Other Non-Financial Assets

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Condition of Vehicles When

Bought

Condition of Vehicles When

Bought

Brand new 56.7 53.7 58.6 Brand new 63.6 64.4 63.5 62.7

Used 43.3 46.3 41.4 Used 36.4 35.7 36.5 37.3

Model Year of Vehicles

Owned

Model Year of Vehicles

Owned

1950-1959 0.1 - 0.1 1950-1959 0.0 0.0 0.0 0.1

1960-1969 0.2 0.3 0.2 1960-1969 0.1 0.0 0.1 0.0

1970-1979 1.3 1.3 1.3 1970-1979 0.4 0.2 0.5 0.2

1980-1989 5.4 6.3 4.9 1980-1989 1.9 0.9 2.0 1.6

1990-1999 23.2 30.1 18.7 1990-1999 8.9 10.1 8.7 7.6

2000-2009 69.7 61.8 74.9 2000-2009 37.5 35.6 37.7 40.4

No response 0.1 0.2 - 2010-2014 50.4 52.6 50.1 48.3

Don't Know 0.9 0.5 1.0 1.7

Purpose/Use of Vehicle Purpose/Use of Vehicle

Personal use 80.9 79.7 81.7 Personal use 80.4 83.3 77.6 82.5

For hire / rent 12.7 15.0 11.1 For hire / rent 9.1 9.1 8.7 7.2

Both personal use and for

hire/ rent6.4 5.2 7.1

Both personal use and for

hire/ rent 9.6 6.7 9.8 9.0

Others 0.1 0.1 0.0 Others * 0.9 0.9 0.9 1.2

Average Monthly Income

Earned from Rent on Vehicle

in 2008

(In Pesos)

Average Monthly Income

Earned from Rent on Vehicle

in 2013

(In Pesos)

0-5,000 43.3 31.6 51.8 0-5,000 54.6 43.1 55.7 58.3

5,001-10,000 32.0 27.8 35.1 5,001-10,000 29.6 29.0 29.7 28.9

10,001-30,000 19.3 32.4 10.0 10,001-30,000 11.9 21.6 11.0 8.0

30,001-50,000 2.2 3.9 1.0 30,001-50,000 1.1 3.1 0.9 0.5

50,001-100,000 2.0 2.3 1.7 50,001-100,000 0.3 0.0 0.3 0.0

100,001-150,000 0.2 0.5 - Don't Know 1.3 1.6 1.2 3.2

No response 0.9 1.5 0.5 Refused 0.2 0.0 0.2 0.0

No Response 1.0 1.6 1.0 1.2

Average 9,701.0 12,804.0 7,496.0 Average 5,962.3 7,427.5 5,824.2 5,077.6

Median 6,000.0 9,000.0 4,500.0 Median 4,350.0 6,525.0 4,350.0 4,000.00

Market Value of Vehicle if Sold

(In Pesos)

Market Value of Vehicle if Sold

(In Pesos)

0-5,000 2.4 0.8 3.4 0-5,000 6.1 2.8 6.5 6.7

5,001-10,000 5.6 3.3 7.2 5,001-10,000 8.5 6.9 8.7 9.5

10,001-30,000 33.8 28.1 37.5 10,001-30,000 38.4 33.3 39.0 40.5

30,001-50,000 23.8 21.4 25.3 30,001-50,000 22.4 21.9 22.5 19.7

50,001-100,000 17.0 18.9 15.8 50,001-100,000 14.1 11.4 14.4 14.3

100,001-150,000 5.7 7.3 4.6 100,001-150,000 2.2 4.1 2.0 2.9

150,001-300,000 6.3 9.8 4.1 150,001-300,000 3.7 7.0 3.3 3.1

300,001-500,000 2.9 5.1 1.4 300,001-500,000 2.0 5.2 1.6 1.0

500,001-1,000,000 2.4 5.1 0.6 500,001-1,000,000 1.6 5.8 1.1 0.8

1,000,001 and up 0.1 0.2 - 1,000,001 and up 0.5 1.3 0.4 0.3

Don't Know 0.4 0.2 0.4 1.1

Refused 0.1 0.0 0.1 0.2

Average 86,980.0 129,399.0 59,210.0 Average 71,188.9 151,408.3 61,772.1 55,513.4

Median 40,000.0 50,000.0 35,000.0 Median 30,000.0 40,000.0 30,000.0 30,000.0

With Outstanding

Loans/Mortgages on Vehicle

With Outstanding

Loans/Mortgages on Vehicle

Yes 13.5 13.3 13.6 Yes 11.9 15.4 11.5 12.0

No 86.5 86.7 86.4 No 88.1 84.6 88.5 87.9


Loan of the Vehicle


Loan of the Vehicle

In-house Financing 65.7 61.8 68.2 In-house Financing 47.3 45.4 47.6 33.6

Financing Institution 13.8 9.7 16.4 Financing Institution 19.7 16.2 20.3 19.2


Money Lender 4.0 4.8 3.4 Money Lender 6.1 5.9 6.1 7.4

Salary Loan 5.6 5.0 6.0 Company (Employer) Loan 5.4 3.0 5.8 9.2

Relative/Family Member 3.3 4.3 2.7 Relative/Family Member 4.3 0.0 4.9 6.9

Savings/Thrift Bank 0.2 - 0.4 Saving/Thrift Bank 1.8 3.2 1.5 2.9

Cooperative 0.6 0.6 0.7 Cooperative 1.6 0.0 1.8 3.3

Rural/Cooperative Bank 0.5 - 0.8 Rural/Cooperative Bank 0.8 0.0 0.9 2.4

Others 0.2 - 0.3 Others 0.9 2.9 0.6 0.0

Note: Total may not equal to 100% due to "refusal" and "don’t know" answer

* Business (Farming, Fishing, Water delivery, and others)


In Percent

In Percent

In Percent

In Percent

In Percent



In Percent

In Percent

In Percent

2009 2014


Amount Borrowed on the

Vehicle

(In Pesos)

Amount Borrowed on the

Vehicle

(In Pesos)

0-5,000 0.9 1.3 0.7 0-5,000 3.6 1.4 4.0 2.0

5,001-10,000 0.9 0.7 0.9 5,001-10,000 3.9 0.0 4.5 3.8

10,001-30,000 8.5 5.9 10.2 10,001-30,000 10.8 10.1 10.9 7.9

30,001-50,000 12.8 9.8 14.8 30,001-50,000 13.7 5.6 15.0 7.8

50,001-100,000 48.9 47.8 49.6 50,001-100,000 44.2 35.4 45.6 20.1

100,001-150,000 15.8 12.9 17.6 100,001-150,000 12.0 14.9 11.5 4.9

150,001-300,000 4.4 5.4 3.9 150,001-300,000 1.4 3.0 1.1 0.5

300,001-500,000 2.1 2.5 1.8 300,001-500,000 0.9 4.3 0.4 0.0

500,001-1,000,000 3.2 7.7 0.3 500,001-1,000,000 5.0 16.0 3.3 1.9

1,000,001 and up 2.0 4.7 0.3 1,000,001 and up 2.8 7.6 2.1 49.2

No response 0.5 1.2 - Don't Know 1.5 1.6 1.5 1.9

Refused 0.1 0.0 0.2 0.0

Average 138,382.0 211,675.0 92,165.0 Average 146,112.2 335,579.7 116,810.6 93,427.1

Median 80,000.0 85,000.0 80,000.0 Median 70,000.0 100,000.0 64,000.0 57,600.0

Current Rate of Interest Being

Charged on the Loan

Current Rate of Interest Being

Charged on the Loan

0-9.9 46.7 46.7 46.7 0-9.9 48.5 48.2 48.5 41.0

10-19.9 16.0 12.9 17.9 10-19.9 14.4 18.8 13.7 10.8

20-29.9 16.7 17.0 16.5 20-29.9 6.8 7.7 6.7 5.0

30-39.9 9.0 8.4 9.4 30-39.9 7.0 8.9 6.7 5.2

40-49.9 3.4 4.9 2.5 40-49.9 3.0 0.0 3.4 4.2

50-59.9 3.6 2.3 4.5 50-59.9 4.6 1.5 5.1 4.0

60-69.9 0.3 0.9 - 60-69.9 0.6 0.0 0.7 0.0

70-79.9 0.2 - 0.3 70-79.9 0.2 0.0 0.2 0.0

80-89.9 0.2 - 0.3 80-89.9 0.9 0.0 1.1 0.0

No response 4.0 7.0 2.0 90-99.9 0.0 0.0 0.0 0.0

100 and up 0.8 0.0 1.0 1.9

Don't Know 12.3 13.3 12.1 23.4

Refused 1.0 1.6 0.9 4.4

Average 14.0 14.0 14.0 Average 13.8 10.0 14.4 14.3

Median 10.0 8.0 10.0 Median 5.0 5.0 5.0 5.0

Average Monthly Payment on

Vehicle Loan

(In Pesos)

Average Monthly Payment on

Vehicle Loan

(In Pesos)

0-5,000 83.5 73.3 89.9 0-5,000 82.1 66.3 84.5 81.7 5,001-10,000 6.6 12.7 2.8 5,001-10,000 2.8 7.2 2.2 1.6 10,001-15,000

3.2 3.1 3.3 10,001-15,000 4.1 7.9 3.5 2.2 15,001-20,000

2.7 5.8 0.7 15,001-20,000 3.3 11.1 2.0 2.5 20,001-25,000 1.6 2.3 1.1 20,001-25,000 2.0 1.4 2.1 4.0 25,001-30,000 0.3 0.8 - 25,001-30,000 2.7 6.1 2.2 3.8 30,001-35,000 0.2 - 0.3 30,001-35,000 0.3 0.0 0.3 - 35,001-40,000 0.6 - 1.0 35,001-40,000 0.8 0.0 0.9 0.8 40,001-45,000 - - - 40,001-45,000 0.2 0.0 0.3 - 45,001-50,000 - - - 45,001-50,000 0.1 0.0 0.1 - 50,001 and up

- - - 50,001 and up 0.7 0.0 0.8 - No response 1.4 1.9 1.0 Don't Know 0.8 0.0 0.9 3.4

Refused 0.1 0.0 0.2

Average 4,494.0 5,613.0 3,787.0 Average 5,735.2 7,534.2 5,453.6 5,110.8

Median 2,800.0 3,200.0 2,600.0 Median 2,500.0 3,500.0 2,400.0 2,100.0


In Percent

In Percent

In Percent

In Percent

2009 2014


Status of Payment on Vehicle

Loan

Status of Payment on Vehicle

Loan

Ahead 7.5 7.6 7.5 Ahead 17.6 16.3 17.8 24.0


Behind 16.2 13.4 18.0 Behind 20.5 11.8 21.8 24.0

Have not started 0.2 0.0 0.2 0.8

Ownership of

Appliances/Equipment

Ownership of

Appliances/Equipment

Yes 87.1 98.3 77.9 Yes 90.6 99.7 89.1 85.3

No 12.9 1.7 22.1 No 9.4 0.3 10.9 14.7

Kind of Appliances/ Equipment

Owned

Kind of Appliances/ Equipment

Owned

TV Sets 91.3 92.2 90.4 TV Sets 86.2 93.5 84.9 85.8

Cellphone/Telephone (wireless) 66.9 76.4 57.2Cellphone/Telephone

(wireless)81.7 93.1 79.7 72.5

Electric Fan/Cooler 82.8 96.8 68.3 Electric Fan/Exhaust Fan 73.6 97.4 69.3 65.0

VCD/DVD Player 58.8 63.6 54.0

VCD/DVD Player/Component/

Cassette /Compact Disc /Dura

box

47.3 57.8 45.4 45.8

Refrigerator/Freezer 54.1 60.4 47.7 Gas Stove/electric stove/kusinilya de gaas/super kalan42.9 77.9 36.6 31.5

Gas/electric stove 56.7 75.9 37.0Refrigerator/freezer 42.5 56.4 40.0 44.4

Washing machine/dryer 37.0 52.9 20.6 Washing Machine/dryer 37.0 71.9 30.6 22.6

Gas range/Oven 10.6 12.1 9.1 Flat iron 21.8 36.9 19.1 4.5

Aid-Osterizer/Mixer/Blender/Juicer 11.2 14.7 7.6 PC Laptop/desktop 15.7 26.5 13.7 13.4

Microwave/oven toaster 20.2 28.5 11.5

Electric kettle/Coffee

maker/Airpot/rice cooker13.2 18.7 12.2 5.9

PC Laptop/desktop 16.9 23.7 10.0 Oven Toaster/Microwave 12.1 20.7 10.5 9.3

Printer/scanner/copier 7.7 10.7 4.7

Aid-Osterizer/Mixer/Blender/

juicer9.0 14.6 7.9 5.6

Deep well/Water Pump 4.6 1.9 7.3 iPad/Tablet/iPod 8.9 18.0 7.3 6.5

Air Conditioner 9.6 12.1 7.0 Videoke/Karaoke/Magic Sing 7.8 6.7 8.0 11.6

Videoke/Karaoke/Magic Sing 16.0 12.1 20.0 Gas Range/Oven 7.7 12.6 6.8 6.9

Others 7.6 8.8 6.5 Air Conditioner 7.1 12.4 6.1 5.7

Photography Equipment -

Digicam/Videocam/Camera 8.6 11.5 5.6Digicam/Videocam/Camera 6.6 11.9 5.6 5.1

WII/PS3/PS2/PSP/Xbox 2.6 3.9 1.3 Radio/transistor radio 5.8 2.3 6.5 7.7

Piano/Organ/Drum set/etc2.5 3.3 1.7

Deep well/Water

Pump/Pressure Tank4.1 1.2 4.7 7.4

Vacuum Cleaner 2.2 2.9 1.5

Fax Machine/

Printer/Scanner/Copier3.6 6.1 3.2 3.0

Pressure Tank 1.3 1.1 1.5

Speaker / Sound System /

Stereo / Amplifier2.3 3.4 2.2 0.6

Floor Polisher 0.8 1.4 0.2 WII/PS3/PS2/PSP/Xbox 1.6 3.9 1.2 1.1

Fax Machine 0.6 1.0 0.2 Piano/Organ/Drum set/etc. 1.4 2.5 1.2 1.2

Automatic Water Sprinkler 0.1 0.1 0.1 Sewing machine 0.5 0.6 0.5 0.3

Lawn Mower 0.1 0.0 0.1 Furniture 0.5 0.1 0.5 1.5

Water dispenser/rice dispenser 0.4 0.5 0.4 0.5

Heater/Cooler/Ozonizer 0.3 0.4 0.3 0.1

Turbo Broiler/pressure cooker 0.1 0.3 0.1 0.0

Automatic Water Sprinkler 0.1 0.1 0.1 0.1

Solar Panel/Generator 0.1 0.0 0.1 0.1

Power Tools/Welding

Machine/Compressor/etc.0.1 0.1 0.1 0.2

Lawn Mower/Hand Tractor 0.1 0.1 0.1 0.0

Wall clock / Clock 0.1 0.0 0.1 0.0

In Percent

In Percent

In Percent

In Percent

Household Appliances/Equipment

In Percent

In Percent

2009 2014


With Outstanding Loans on

Appliances/ Equipments

With Outstanding Loans on

Appliances/ Equipments

Yes 1.7 1.0 2.3 Yes 1.5 1.3 1.6 3.1

No 98.3 99.0 97.7 No 98.5 98.7 98.4 96.9

Provider/Source of Loan Provider/Source of Loan

In-house financing 55.2 17.2 72.3 In-house financing 39.2 10.0 43.5 49.9

Financing Institution 12.8 6.8 15.5 Financing Institution 20.7 13.9 21.7 21.9

Money Lender 8.0 14.0 5.3 Individual Money Lender 12.6 23.8 10.9 4.1

Relative/Family member 4.2 5.8 3.5 Relative / Family member 5.1 10.1 4.4 4.8

Company (Employer) loan 3.9 6.5 2.7 Company (Employer) loan 4.9 0.0 5.7 6.3

Credit card company 13.9 44.8 - Credit Card Company 4.2 18.9 2.1 0.0

Cooperative 0.5 - 0.7 Cooperative 3.7 4.4 3.6 2.4

Commercial Bank 0.8 2.5 - Commercial Bank 3.2 14.2 1.6 2.0

SSS 0.7 2.3 - Savings / Thrift Bank 2.0 0.0 2.2 4.5

SSS 1.0 4.8 0.5 0.0

Rural / Cooperative Bank 0.9 0.0 1.0 0.0

GSIS 0.4 0.0 0.4 1.0

Don't know 0.4 0.0 0.5 0.0

Refused 1.7 0.0 1.9 3.1

Ownership of Any Precious

Object

Ownership of Any Precious

Object

Yes 14.9 16.9 13.3 Yes 10.3 9.0 10.5 11.9

No 85.1 83.1 86.7 No 89.7 91.0 89.5 88.1

Kind of Precious Object Kind of Precious Object

Jewelry 81.0 86.1 75.8 Jewelry 63.1 77.0 61.2 69.7

Furniture (dining set, etc.) 33.9 27.9 40.2 Furniture 50.2 31.6 52.8 46.6

Antiques 5.0 5.3 4.8 Antiques 5.4 9.4 4.8 2.6

Collector's Items 2.1 1.6 2.5 Collector's Items 3.7 2.4 3.8 4.0

Works of Art 3.7 3.5 4.0 Works of Art 3.4 2.5 3.6 2.1

Others 0.2 - 0.4 Others 0.2 0.0 0.3 0.0

Market Value of Jewelry

if Sold Today

(In Pesos)

Market Value of Jewelry

if Sold Today

(In Pesos)

0-5,000 41.2 33.7 50.1 0-5,000 53.7 44.6 55.3 66.9

5,001-10,000 19.9 17.8 22.4 5,001-10,000 18.6 13.1 19.5 15.9

10,001-30,000 22.1 27.9 15.4 10,001-30,000 17.0 19.6 16.5 12.6

30,001-50,000 9.1 11.2 6.7 30,001-50,000 4.8 8.2 4.1 2.3

50,001-100,000 4.8 6.0 3.3 50,001-100,000 3.1 7.4 2.3 1.0

100,001-150,000 0.9 0.7 1.2 100,001-150,000 0.8 3.3 0.3 0.0

150,001-300,000 0.6 0.9 0.3 150,001-300,000 0.8 0.0 0.9 0.0

300,001-500,000 0.6 0.8 0.3 300,001-500,000 0.5 2.1 0.2 0.0

500,001-1,000,000 0.6 0.7 0.4 500,001-1,000,000 0.3 0.9 0.2 0.0

1,000,001 and up 0.1 0.3 - 1,000,001 and up 0.2 0.0 0.2 0.0

Don't know 0.1 0.0 0.1 0.0

Refused 0.4 0.9 0.3 1.2

Average 34,455.0 46,687.0 20,050.0 Average 25,396.8 39,828.9 22,870.4 7,798.0

Median 10,000.0 10,000.0 5,000.0 Median 5,000.0 10,000.0 5,000.0 3,000.0

Market Value of Furnitures if

Sold Today

(In Pesos)

Market Value of Furnitures if

Sold Today

(In Pesos)

0-5,000 41.7 42.8 41.0 0-5,000 56.2 49.1 56.8 56.3

5,001-10,000 20.8 19.3 21.9 5,001-10,000 20.4 23.2 20.1 19.7

10,001-30,000 22.0 19.3 24.0 10,001-30,000 17.1 24.1 16.5 18.7

30,001-50,000 9.1 10.6 7.9 30,001-50,000 3.3 1.6 3.5 1.9

50,001-100,000 3.3 3.0 3.6 50,001-100,000 2.4 0.0 2.6 2.7

100,001-150,000 0.2 - 0.4 100,001-150,000 0.0 0.0 0.0 0.7

150,001-300,000 2.2 3.7 1.2 150,001-300,000 0.3 2.0 0.2 0.0

300,001-500,000 0.6 1.3 - 300,001 and up 0.1 0.0 0.2 0.0

Don't Know 0.1 0.0 0.1 0.0

Average 23,049.0 29,664.0 18,293.0 Average 13,762.3 12,378.2 13,878.2 12,482.5

Median 8,000.0 7,000.0 8,000.0 Median 5,000.0 6,000.0 5,000.0 5,000.0

Market Value of Antiques if

Sold Today

(In Pesos)

Market Value of Antiques if

Sold Today

(In Pesos)

0-5,000 41.4 32.9 51.2 0-5,000 36.6 25.8 39.6 19.4

5,001-10,000 14.3 6.6 23.1 5,001-10,000 21.1 20.7 21.2 39.9

10,001-30,000 25.1 32.8 16.3 10,001-30,000 17.2 26.9 14.5 24.6

30,001-50,000 10.9 12.3 9.3 30,001-50,000 9.4 19.9 6.5 0.0

50,001-100,000 3.5 6.6 - 50,001-100,000 6.9 6.7 7.0 9.7

100,001-150,000 1.3 2.5 - 100,001-150,000 0.0 0.0 0.0 0.0

150,001-300,000 3.4 6.4 - 150,001-300,000 0.0 0.0 0.0 0.0

300,001-500,000 4.6 0.0 5.8 0.0

500,001-1,000,000 2.4 0.0 3.1 12.9

1,000,001 and up 0.0 0.0 0.0 0.0

Don't Know 0.4 0.0 0.5 0.0

Refused 1.3 0.0 1.7 13.0

Average 26,186.0 38,822.0 11,760.0 Average 59,396.9 24,863.7 69,129.3 109,523.8

Median 10,000.0 18,000.0 5,000.0 Median 10,000.0 15,000.0 10,000.0 20,000.0

In Percent

Collector's items: watch, bags, shoes, cross stitch, dolls, coins, books, air gun, frames,

Others: bangka, makina

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

Valuable Assets (Precious Objects)

In Percent

In Percent

2009 2014


Market Value of Works of Art

if Sold Today

(In Pesos)

Market Value of Works of Art

if Sold Today

(In Pesos)

0-5,000 49.4 41.1 57.1 0-5,000 51.2 23.7 53.9 36.9

5,001-10,000 12.5 4.1 20.1 5,001-10,000 27.1 29.8 26.9 30.8

10,001-30,000 19.2 15.3 22.8 10,001-30,000 12.7 20.3 12.0 16.6

30,001-50,000 2.4 5.1 - 30,001-50,000 4.5 0.0 4.9 0.0

50,001-100,000 6.6 13.9 - 50,001 and up 4.4 26.2 2.3 15.8

100,001-150,000 - - - Don't Know 0.0 0.0 0.0 0.0

150,001-300,000 9.8 20.5 - Refused 0.0 0.0 0.0 0.0

Average 31,626.0 57,911.0 7,650.0 Average 23,176.7 58,589.1 19,674.4 87,951.7

Median 8,000.0 15,000.0 5,000.0 Median 5,000.0 6,000.0 5,000.0 10,000.0

Proportion of Households with

Deposit/Cash Account


Deposit/Cash Account

With Deposit/Cash Account 21.5 28.1 16.1 With Deposit/Cash Account 14.0 18.7 13.3 13.5

Without Deposit/Cash

Account78.5 71.9 83.9

Without Deposit/Cash

Account86.0 81.3 86.7 86.5

Reasons for not Having an

Account or Investments in

Bank/Non-Bank Financial

Institution

Reasons for not Having an

Account or Investments in

Bank/Non-Bank Financial

Institution

Don't have enough money 92.8 90.6 94.3 Don't have enough money 92.3 88.0 92.9 94.3

Don't need a bank/cash

account1.7 2.0 1.5

Don't need a bank/cash

account2.0 2.0 2.0 1.2

Bank/institution location is far 0.6 0.1 1.0 Bank/institution location is far 1.7 0.1 1.9 1.2

Can't manage an account 1.5 1.6 1.5 Can't manage an account 1.2 1.4 1.2 1.4

Service charges are too high 0.3 0.5 0.2 Service charges are too high 1.0 5.9 0.3 0.2

Minimum balance is too high 1.2 2.5 0.4 Minimum balance is too high 0.7 1.3 0.6 0.5

Do not like to deal with

banks/institutions1.0 1.4 0.7

Do not like to deal with

banks/institutions0.6 0.7 0.6 0.6

Don't trust bank/institution 0.5 0.6 0.4 Don't trust bank/institution 0.3 0.3 0.3 0.3

Others 0.3 0.7 0.1 Others 0.3 0.3 0.3 0.3

Number of Accounts Owned Number of Accounts Owned

1 71.4 68.7 75.3 1 80.7 74.7 83.9 83.9

2 20.7 22.4 18.3 2 15.4 18.3 13.0 13.0

3 5.7 6.6 4.5 3 3.1 5.5 2.5 2.5

4 1.3 1.5 0.9 4 0.7 1.3 0.6 0.6

5 0.5 0.3 0.7 5 0.1 0.0 0.0 0.0

6 0.2 0.3 0.1 6 0.1 0.3 0.0 0.0

7 0.0 - 0.1

8 - - -

9 0.1 0.2 -

Average 1.4 1.4 1.3 Average 1.3 1.4 1.2 1.2

Median 1.0 1.0 1.0 Median 1.0 1.0 1.0 1.0

Country Where Deposit

Account is Maintained

Country Where Deposit

Account is Maintained

Philippines 99.3 99.9 98.6 Philippines 99.5 100.0 99.4 99.5

USA 0.3 0.1 0.4 USA 0.2 0.0 0.3 0.3

Saudi Arabia 0.1 - 0.2 Saudi Arabia 0.1 0.0 0.1 0.0

Europe 0.1 - 0.2 New Zealand 0.1 0.0 0.1 0.0

Japan 0.1 - 0.2 Norway 0.1 0.0 0.1 0.3

Other countries 0.2 - 0.4 Others 0.1 0.0 0.1 0.0

In Percent

Deposit/Cash Accounts

In Percent



In Percent

In Percent

4. Financial Assets

In Percent

In Percent

2009 2014


Currency of Deposit Accounts

Maintained in the Philippines


Maintained in the Philippines

Peso 98.1 97.4 99.1 Peso 99.4 99.1 99.5 99.8

US Dollar 1.9 2.6 0.9 US Dollar 0.4 0.7 0.3 0.0

Saudi Rial 0.0 0.0 0.0 0.2

HK Dollar 0.1 0.2 0.0 0.0

Malaysian Ringgit 0.1 0.0 0.1 0.0

Singapore dollar 0.1 0.0 0.1 0.0


Maintained Outside the

Philippines


Maintained Outside the

Philippines

Peso 4.8 0.0 5.5 Peso 43.9 0.0 43.9 50.1

US Dollar 41.1 100.0 31.8 US Dollar 26.6 0.0 26.6 0.0

Saudi Rial 10.5 0.0 12.1 Saudi Rial 10.6 0.0 10.6 0.0

Euro 8.2 0.0 9.5 Euro 8.5 0.0 8.5 49.9

Japanese Yen 10.4 0.0 12.0 Canadian dollar 2.7 0.0 2.7 0.0

Others 25.1 0.0 29.1 Thai baht 7.7 0.0 7.7 0.0

Type of Bank/Institution

where Account is Maintained

Type of Bank/Institution

where Account is Maintained


Rural/Cooperative Bank 9.9 4.1 18.0 Rural/Cooperative Bank 13.8 3.2 16.2 14.7

Multipurpose/Credit

Cooperative6.6 4.4 9.8

Multipurpose/Credit

Cooperative11.4 11.2 11.5 12.6

Savings/Thrift Bank 6.5 3.8 10.2 Savings/Thrift Bank 10.1 13.9 9.3 11.6

Microfinance Bank 2.7 2.9 2.3 Microfinance Bank 9.0 2.7 10.4 5.2

Savings & Loan Association

(eg. AFPSLAI)1.5 1.9 1.0 Paluwagan 4.1 7.4 3.4 1.9

Paluwagan 0.7 0.4 1.1 Savings & Loan Association (eg. AFPSLAI)3.6 3.7 3.6 1.6

Association

(eg. Teachers' associations)0.4 0.4 0.3 Others 1.8 1.0 2.0 1.2

Others 0.2 0.1 0.3 Association (eg. Teachers'

associations)0.8 0.3 0.9 1.1

Don't know 0.1 - 0.2 0.2

Reason for Choosing the

Bank/Institution where the

Biggest Account is Maintained

Reason for Choosing the

Bank/Institution where the

Biggest Account is Maintained

Proximity to home 34.4 39.2 27.7 Proximity to home 29.2 36.1 27.7 23.4

Efficient service 8.1 6.9 9.9 Efficient service 24.7 22.6 25.2 18.9

No particular reason 4.2 3.3 5.6 No particular reason 8.5 4.1 9.5 15.5

It is a major bank 2.8 2.1 3.8 It is a major bank 6.7 11.2 5.7 8.7

Personal acquaintances 5.2 3.7 7.4 Personal acquaintances 5.1 1.5 5.9 5.3

Proximity to workplace 6.8 7.6 5.7 Proximity to workplace 4.7 5.6 4.5 5.3

Attractive charges for services 2.0 1.2 3.0 Attractive charges for services 3.0 1.4 3.4 1.8

Hight interest rates 2.1 2.1 2.1 Hight interest rates 1.9 2.4 1.8 2.3

Internet banking services 0.4 0.4 0.3 Internet banking services 0.5 0.6 0.5 0.4

The bank used by employer/or

my business19.3 21.5 16.3 Don't know/Don't remember 1.0 0.3 1.1 2.3

Bank specified/selected by the

source institution of fund8.4 6.7 10.7 Others 14.8 14.2 14.9 16.2

Variety of services,

products,instruments offered4.0 3.9 4.3

Already has another

account/loan with bank1.3 0.7 2.1

Courteousness of the staff 0.6 0.4 1.0

Others 0.3 0.4 0.1

In Percent


In Percent


In Percent

In Percent

2009 2014


Number of Years as a Client of

the Bank/Institution Where

the Biggest Account is

Maintained

Number of Years as a Client of

the Bank/Institution Where

the Biggest Account is

Maintained

Less than a year 12.7 13.6 11.4 Less than a year 13.3 11.2 13.8 15.1

Less than 2 years 10.5 11.6 9.1 Less than 2 years 13.6 12.8 13.8 15.8

From 2 to 4 years 27.6 26.1 29.8 From 2 to 4 years 25.3 28.5 24.5 25.6

From 5 to 10 years 27.8 25.3 31.4 From 5 to 10 years 25.3 22.2 26.0 23.2

More than 10 years 20.9 22.9 18.1 More than 10 years 21.5 24.7 20.8 19.8

Don't know/don't remember 0.4 0.6 0.2 Don't know/don't remember 1.0 0.6 1.1 0.5

Current Balance of Peso

Deposit Accounts

Current Balance of Peso

Deposit Accounts

1,000 and below 18.6 18.6 18.6 1,000 and below 19.4 8.4 22.2 30.3

1,001-5,000 27.3 24.3 31.9 1,001-5,000 28.4 22.3 30.0 27.3

5,001-10,000 14.8 13.6 16.6 5,001-10,000 15.3 15.5 15.3 11.5

10,001-20,000 11.7 11.8 11.6 10,001-20,000 11.7 15.0 10.8 10.5

20,001-50,000 12.6 13.6 10.9 20,001-50,000 10.0 14.3 8.9 6.8

50,001-100,000 8.2 10.7 4.4 50,001-100,000 5.1 7.5 4.5 4.4

100,001-500,000 5.0 6.1 3.3 100,001-500,000 3.9 8.7 2.7 2.1

500,001-1,000,000 0.7 0.8 0.5 500,001-1,000,000 0.7 0.6 0.7 -

1,000,001-5,000,000 0.2 0.4 - 1,000,001-5,000,000 0.6 1.2 0.5 0.6

5,000,001 and up 0.5 0.8 0.1 5,000,001 and up 1.3 2.1 1.1 0.8

No response 0.4 0.5 0.1 No response 3.6 4.4 3.4 5.8

Average 105,927.4 157,045.6 28,631.4 Average 206,275.1 271,448.0 190,006.7 172,358.5

Median 6,875.5 9,436.5 5,507.0 Median 5,300.0 11,000.0 5,000.0 3,500.0

Proportion of Deposit

Accounts that Pays Interest

Proportion of Deposit

Accounts that Pays Interest

Pays interest 60.2 57.2 64.8 Pays interest 68.1 70.3 67.5 60.2

Does NOT pay interest 39.8 42.8 35.2 Does NOT pay interest 31.9 29.8 32.5 39.8

Average Annual Rate of

Interest of Deposit Accounts

Average Annual Rate of

Interest of Deposit Accounts

0.0-1.0 55.9 64.1 44.8 0.0-1.0 27.7 42.3 23.8 21.3

1.1-2.0 20.3 17.5 24.1 1.1-2.0 26.0 22.5 27.0 22.9

2.1-3.0 12.3 9.7 15.8 2.1-3.0 17.0 11.4 18.5 10.9

3.1-4.0 1.6 1.5 1.7 3.1-4.0 1.9 1.0 2.2 0.4

4.1-5.0 5.1 3.6 7.0 4.1-5.0 11.4 11.2 11.5 20.0

5.1-6.0 0.6 0.3 0.9 5.1-6.0 1.0 0.4 1.2 1.0

6.1-10.0 2.1 1.0 3.5 6.1-10.0 5.0 3.9 5.3 7.3

10.1-20.0 1.0 0.8 1.3 10.1-20.0 2.9 1.3 3.3 2.5

20.1-30.0 0.3 0.1 0.6 20.1-30.0 0.5 1.0 0.4 0.4

30.1-40.0 0.0 0.0 0.0 30.1-40.0 0.0 0.0 0.0 0.0

40.1-50.0 0.0 0.0 0.0 40.1-50.0 0.1 0.0 0.2 0.7

50.1-60.0 0.1 0.0 0.2 50.1-60.0 0.0 0.0 0.0 0.0

60.1-70.0 0.0 0.0 0.0 60.1-70.0 0.0 0.0 0.0 0.0

70.1-80.0 0.0 0.0 0.0 70.1-80.0 0.4 0.3 0.4 1.4

80.1-90.0 0.0 0.0 0.0 80.1-90.0 0.0 0.0 0.0 0.0

90.1-100.0 0.0 0.0 0.0 90.1-100.0 0.3 1.0 0.1 0.0

100.1 and up 0.0 0.0 0.0 100.1 and up 0.0 0.0 0.0 0.0

No response 0.9 1.5 0.1 No response 5.9 3.8 6.4 11.4

Average 1.9 1.5 2.6 Average 3.9 4.0 3.9 5.1

Median 1.0 1.0 2.0 Median 2.0 2.0 2.0 3.0

In Percent

In Percent

In Percent

In Percent


In Percent

In Percent

2009 2014



Financial Assets Other than

Deposit Accounts


Financial Assets Other than

Deposit Accounts

Own shares in mutual funds,

UITFs, publicly-traded stocks,

bonds, or any other type of

managed investment account

besides a pension or insurance

plan

0.4 0.8 0.0

Own shares in mutual funds,

UITFs, publicly-traded stocks,

bonds, or any other type of

managed investment account

besides a pension or insurance

plan

0.2 0.4 0.2 0.2

Do NOT own shares in mutual

funds, UITFs, publicly-traded

stocks, bonds, or any other

type of managed investment

account besides a pension or

insurance plan

99.4 98.9 99.9

Do NOT own shares in mutual

funds, UITFs, publicly-traded

stocks, bonds, or any other

type of managed investment

account besides a pension or

insurance plan

99.8 99.7 99.8 99.8

No response 0.2 0.3 0.1

PHL NCR AONCR PHL NCR AONCR Reg 1-7-11

Proportion of Households

That Have Accounts

Receivables *


That Have Accounts

Receivables *

Have accounts receivables 5.4 5.3 5.5 Have accounts receivables 3.9 3.7 4.0 5.1

Do NOT have accounts

receivables94.6 94.7 94.5

Do NOT have accounts

receivables96.1 96.3 96.0 94.9

* Loans to others aside from the real estate loans mentioned before

Distribution of Amount Still

Owed to Respondent

Households

(In Pesos)

Distribution of Amount Still

Owed to Respondent

Households

(In Pesos)

1-2,000 49.0 42.1 54.9 1-2,000 50.1 37.8 52.3 53.6

2,001-6,000 19.1 16.4 21.4 2,001-6,000 21.5 31.8 19.6 15.7

6,001-10,000 10.1 13.6 7.0 6,001-10,000 8.1 5.2 8.6 7.8

10,001-14,000 1.9 3.2 0.9 10,001-14,000 2.1 1.7 2.2 0.9

14,001-18,000 2.9 3.4 2.5 14,001-18,000 3.6 7.3 3.0 3.1

18,001 and up 17.0 21.3 13.3 18,001 and up 14.6 16.2 14.3 18.9

Average 32,186.0 47,218.1 19,436.7 Average 20,277.3 20,273.3 20,278.0 11,543.7

Median 2,500.0 4,500.0 2,000.0 Median 2,000.0 3,000.0 2,000.0 2,000.0

Accounts Receivables (Loans to Others)

Mutual Funds, UITFs, Publicly-Traded Stocks, Bonds, or Any Other Type of Managed Investment Account Besides a Pension or Insurance Plan

In Percent

In Percent

In Percent


In Percent

2009


Respondents Covered by

Retirement Insurance

Respondents Covered by


Yes 42.7 57.5 30.6 Yes 24.2 36.4 22.2 21.2

No 57.3 42.5 69.4 No 75.8 63.6 77.8 78.9

Source of Pension/Insurance

Owned by Respondents


Owned by Respondents

Purely Employment-Based

Insurance93.9 93.2 94.9


Insurance92.3 94.2 91.9 93.2

Purely Private Insurance 1.6 1.6 1.6 Purely Private Insurance 3.8 2.0 4.2 3.4

Both Employment-Based and

Private Insurance4.5 5.2 3.6


Private Insurance3.9 3.8 3.9 3.4

Retirement Coverage by

Employment Status


Employment Status

Employee in Private

Establishment70.4 77.1 60.4

Employee in Private

Establishment56.9 64.8 54.0 50.3

Employee in Government 71.4 81.8 63.8 Employee in Government 55.8 67.8 54.1 57.2

Employee in Private

Household32.5 49.5 22.7

Employee in Private

Household27.9 39.7 26.2 32.9

Self-employed 38.0 54.1 26.8 Self-employed 19.9 31.7 18.3 15.3

Unemployed 31.9 44.3 23.3 Unemployed 17.7 24.8 16.1 15.6

Homemaker 29.1 42.1 13.9 Homemaker 17.8 33.1 16.4 12.0

Type of Insurer (Multiple

Response)


Response)

SSS 91.6 94.0 87.8 SSS 90.4 92.2 89.9 89.4

GSIS 10.6 7.9 14.8 GSIS 10.1 7.9 10.6 12.9

Provident Fund 0.7 0.7 0.7 Provident Fund 2.8 3.6 2.6 2.0

Other Employment-Based

Retirement Plans6.9 6.2 8.0

Other Employment-Based

Retirement Plans3.5 2.1 3.8 6.0

Respondents Currently Paying


Premium



Premium

Yes 36.4 34.1 40.3 Yes 38.4 42.3 37.4 39.2

No 63.6 65.9 59.7 No 61.6 57.7 62.6 60.8

Amount of Monthly Premiums

(Based on Number of


Premiums)


(Based on Number of


Premiums)

1-200 33.9 32.7 35.5 1-200 17.6 20.2 16.9 16.2

201-400 46.3 45.6 47.1 201-400 44.1 41.5 44.9 51.2

401-600 17.9 20.5 14.4 401-600 18.4 22.0 17.3 13.7

601-800 2.5 3.0 1.6 601-800 4.2 5.9 3.7 4.1

801-1,000 4.1 3.7 4.7 801-1,000 3.7 3.0 3.9 3.0

1,001-1,200 2.3 2.8 1.6 1,001-1,200 1.3 2.0 1.1 0.5

1,201-1,400 2.3 0.5 4.8 1,201-1,400 1.0 0.4 1.2 0.8

1,401-1,600 2.2 0.7 4.1 1,401-1,600 2.2 0.8 2.7 2.4

1,601 and up 2.2 1.6 3.1 1,601 and up 7.4 4.4 8.3 8.2

Average 422.0 386.0 468.0 Average 618.8 515.8 650.3 562.3

Median 300.0 300.0 312.0 Median 331.0 330.0 333.0 330.0


(Based on Number of

Insurance)

1-200 29.8 29.4 30.3

201-400 40.7 41.1 40.3

401-600 15.8 18.4 12.3

601-800 2.2 2.7 1.4

801-1,000 3.6 3.4 4.0

1,001-1,200 2.0 2.5 1.3

1,201-1,400 2.0 0.4 4.1

1,401-1,600 1.9 0.6 3.5

1,601 and up 1.9 1.4 2.7

Proportion of Respondents

with Loans Against their


Proportion of Respondents



Yes 19.3 21.7 15.2 Yes 18.8 20.9 18.3 20.4

No 80.7 78.3 84.8 No 81.2 79.1 81.7 79.6

Amount Borrowed Against

their Retirement Insurance

Amount Borrowed Against


1-20,000 75.7 79.2 68.4 1-20,000 67.2 70.0 66.3 66.8

20,001-40,000 13.3 14.0 11.9 20,001-40,000 14.8 16.8 14.2 14.1

40,001-60,000 3.0 2.2 4.8 40,001-60,000 2.6 3.2 2.4 1.2

60,001-80,000 1.7 1.2 2.9 60,001-80,000 2.4 2.3 2.4 3.3

80,001-100,000 2.4 1.0 5.2 80,001-100,000 3.7 2.3 4.1 5.3

100,001 and up 3.8 2.4 6.8 100,001 and up 9.3 5.3 10.6 9.4

2014

Insurance and Pension of Respondents

5. Insurance and Pension

In Percent



In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Currently Paying Loans Against




Yes 43.1 37.6 55.7 Yes 51.6 48.5 52.5 67.4

No 56.9 62.4 44.3 No 48.4 51.5 47.5 32.6

Amount of Monthly Payment

on Loans Against their



on Loans Against their


1-500 43.0 44.7 40.5 1-500 35.3 30.5 36.6 44.1

501-1,000 27.4 30.5 23.0 501-1,000 21.0 23.8 20.2 23.6

1,001-1,500 11.7 13.3 9.2 1,001-1,500 12.9 21.1 10.7 8.4

1,501-2,000 4.1 3.4 5.2 1,501-2,000 7.6 10.0 6.9 5.6

2,001-2,500 4.0 2.8 5.8 2,001-2,500 2.7 - 3.4 4.1

2,501-5,000 7.3 4.5 11.4 2,501-5,000 17.3 14.6 18.1 10.5

5,001 -10,000 1.5 0.7 2.6 5,001 -10,000 2.6 - 3.4 2.6

10,001 and up 1.0 - 2.3 10,001 and up 0.6 - 0.8 1.2

Payment Status of Loans from




Ahead of Schedule 4.3 5.0 3.1 Ahead of Schedule 16.0 14.1 16.6 21.9


Behind Schedule 11.3 11.1 11.6 Behind Schedule 4.8 5.8 4.5 6.1

Spouse/Partner Covered by

Retirement Plan

Spouse/Partner Covered by

Retirement Plan

Yes 44.9 62.4 31.4 Yes 27.1 41.7 24.8 22.5

No 55.1 37.6 68.6 No 72.9 58.3 75.2 77.5


Owned by Spouse/Partner


Owned by Spouse/Partner


Insurance97.0 97.1 96.8


Insurance95.4 96.3 95.1 96.6

Purely Private Insurance 0.5 0.3 0.8 Purely Private Insurance 2.2 1.2 2.5 1.5


Private Insurance2.6 2.7 2.4


Private Insurance2.4 2.5 2.4 1.9


Employment Status


Employment Status

Employee in Private

Establishment73.9 82.2 62.4

Employee in Private

Establishment58.6 69.1 55.7 51.1

Employee in Government 74.7 84.2 67.8 Employee in Government 58.3 72.8 56.0 45.1

Employee in Private

Household41.5 61.0 29.2

Employee in Private

Household36.6 62.4 32.1 37.7

Self-employed 33.0 52.6 22.2 Self-employed 20.0 39.9 18.0 15.4


Homemaker 49.9 77.7 - Homemaker 14.3 8.2 14.6 14.9 Type of Insurer (Multiple

response)


response)SSS 91.9 94.2 88.3 SSS 91.9 94.8 91.2 91.2

GSIS 9.9 7.3 14.0 GSIS 9.0 5.2 10.0 9.7

Provident Fund 0.5 0.5 0.4 Provident Fund 3.0 4.1 2.7 0.7

Other Government

Retirement Plans8.2 9.2 6.7

Other Government

Retirement Plans2.6 1.8 2.8 3.6

In Percent


Insurance and Pension of the Respondent's Spouses/Partners

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Spouse/Partner Currently

Paying Retirement Insurance

Premium

Spouse/Partner Currently

Paying Retirement Insurance

Premium

Yes 52.5 50.7 55.3 Yes 53.0 59.1 51.3 53.4

No 47.5 49.3 44.7 No 47.0 40.9 48.7 46.6


(Based on Number of

Respondent's Spouses

Currently Paying Premiums)


(Based on Number of

Respondent's Spouses

Currently Paying Premiums)

1-200 38.0 39.6 35.7 1-200 19.5 21.1 18.9 14.0

201-400 44.7 43.3 46.7 201-400 46.9 42.8 48.3 56.3

401-600 17.0 18.8 14.4 401-600 18.8 19.5 18.6 15.5

601-800 2.3 2.7 1.7 601-800 3.3 6.8 2.1 2.5

801-1,000 3.8 4.2 3.3 801-1,000 3.6 4.6 3.2 4.6

1,001-1,500 4.2 3.2 5.6 1,001-1,500 2.7 1.6 3.1 3.0

1,501-2,000 1.9 1.0 3.1 1,501-2,000 2.6 1.6 3.0 1.6

2,001-5,000 0.4 0.4 0.5 2,001-5,000 1.9 1.3 2.1 1.7

5,001-and up 0.1 0.1 0.1 5,001-and up 0.8 0.6 0.8 0.9

Average 385.0 368.0 410.0 Average 612.2 507.8 648.4 659.3

Median 300.0 300.0 300.0 Median 330.0 312.0 330.0 320.0


(Based on Number of

Insurance)

1-200 33.8 35.0 32.2

201-400 39.8 38.2 42.0

401-600 15.1 16.6 12.9

601-800 2.0 2.4 1.5

801-1,000 3.4 3.7 3.0

1,001-1,500 3.7 2.8 5.1

1,501-2,000 1.7 0.9 2.8

2,001-5,000 0.4 0.3 0.5

5,001-and up 0.1 0.1 0.1

Proportion of Spouse/Partner



Proportion of Spouse/Partner



Yes 19.5 22.9 14.1 Yes 17.2 25.2 15.0 20.4

No 80.5 77.1 85.9 No 82.8 74.8 85.0 79.6

Amount Borrowed by

Respondent's Spouse/Partner

Against their Retirement

Insurance

Amount Borrowed by


Against their Retirement

Insurance

1-5,000 20.9 21.4 19.8 1-5,000 18.2 13.2 20.6 18.8

5,001-10,000 27.6 28.0 26.6 5,001-10,000 27.6 25.8 28.5 23.7

10,001-15,000 17.4 18.9 13.7 10,001-15,000 13.7 19.1 11.1 15.0

15,001-20,000 13.2 13.4 12.5 15,001-20,000 17.4 21.4 15.4 17.4

20,001-25,000 10.3 12.5 5.0 20,001-25,000 5.9 7.4 5.2 3.7

25,001-50,000 5.8 3.8 10.9 25,001-50,000 8.0 8.0 8.0 11.1

50,001-100,000 3.3 1.5 7.6 50,001-100,000 4.5 2.3 5.6 5.6

100,001-250,000 1.2 0.4 3.3 100,001-250,000 3.3 0.8 4.5 3.3

250,001-500,000 0.3 0.2 0.5 250,001-500,000 1.3 1.4 1.2 1.4

500,001 and up 0.2 0.7 - -





Yes 50.5 46.6 60.5 Yes 61.5 53.6 65.1 75.6

No 49.5 53.4 39.5 No 38.5 46.4 34.9 24.4

In Percent

In Percent

In Percent

In Percent

In Percent


In Percent

In Percent

In Percent

In Percent

2009 2014



of on Loans Against their


of on Loans Against their 1-500 49.9 52.3 45.2 1-500 45.0 44.5 45.2 47.4

501-1,000 29.2 30.0 27.5 501-1,000 26.8 30.3 25.3 35.7

1,001-1,500 12.1 12.6 11.3 1,001-1,500 11.0 9.8 11.5 6.5

1,501-2,000 4.3 3.4 5.9 1,501-2,000 5.1 5.7 4.8 -

2,001-2,500 2.0 - 5.9 2,001-2,500 3.6 1.3 4.7 6.4

2,501-5,000 2.3 1.3 4.2 2,501-5,000 7.4 7.1 7.5 3.9

5,001 -10,000 0.2 0.4 - 5,001 -10,000 0.8 1.3 0.6 - 10,001 and up 0.3 - 0.4 -



(Multiple Response)



Ahead of schedule 2.3 1.5 3.9 Ahead of schedule 11.8 8.8 12.8 14.8

On schedule 100.7 101.3 99.4 On schedule 83.4 84.5 82.9 84.1

Behind schedule 7.0 7.0 7.0 Behind schedule 4.9 6.7 4.2 1.0

Households that Received

Inheritance

Households that Received

Inheritance

Yes 21.0 15.5 25.5 Yes 24.6 19.3 25.4 21.2No 79.0 84.5 74.5 No 75.4 80.7 74.6 78.8Sources of Inheritance Sources of Inheritance

Parents 87.0 83.2 88.7 Parents 88.2 88.6 88.1 90.9

Grandparents 7.2 6.3 7.6 Grandparents 5.4 6.2 5.3 5.3

Other relatives 5.0 9.4 2.9 Other relatives * 4.2 4.4 4.1 2.6

Others * 0.9 1.1 0.7 Others ** 2.2 0.9 2.4 1.2

* Includes friends Brother / Sister 0.9 0.6 0.9 0.3

* Includes biyenan,auntie/uncle

** Includes government and CARP

Number of Inheritance

Received

1 86.8 89.8 86.4 85.8

2 11.8 10.2 12.0 12.4

3 1.2 0.0 1.4 1.6

4 and 5 0.1 0.0 0.1 0.2

Types of Inheritance Received Types of Inheritance Received

Land, farm (other real estate) 60.3 37.1 71.1 Land, Farm (other real estate)

58.0 26.0 61.8 67.6

House/condo/ townhouse 23.9 43.1 14.9 House / Condo / Townhouse 30.4 50.8 28.0 22.9

Business, vehicle, jewelry and

antiques2.1 2.6 1.9 House and Lot 9.9 18.9 8.9 6.7

Cash, shares of stock and

other financial assets2.0 4.5 0.8 Cash 1.9 2.4 1.8 1.9

Others (not specified) 11.7 12.7 11.2 Business 0.2 0.8 0.1 0.1

Others * 0.7 1.4 0.6 0.5

* Includes precious objects, vehicles and share of stocks or other financial assets

Households with credit cards Households with credit cards

Yes 3.9 6.8 1.6 Yes 1.5 3.9 1.1 1.0

No 96.1 93.2 98.4 No 98.5 96.1 98.9 99.0

Number of Credit Cards

Owned

Number of Credit Cards

Owned

1 63.6 60.5 74.9 1 72.7 61.8 78.9 88.7

2 22.2 23.0 19.7 2 16.9 23.3 13.3 7.4

3 8.7 10.3 2.8 3 8.4 12.0 6.4 4.0

4 4.6 5.1 2.7 4 1.0 1.5 0.6 0.0

5 0.9 1.1 - 5 0.5 0.0 0.8 0.0

7 0.5 1.4 0.0 0.0

Payments made on Last

Month's Credit Card Bill

Payments made on Last

Month's Credit Card BillNot paid 1.2 0.7 3.1 Did not pay – Default 11.1 9.0 9.7 9.5

Minimum paid 39.8 37.6 49.6 Minimum paid 44.1 45.7 45.3 63.0

Paid in full 38.9 40.4 32.5 Paid in full

41.8 44.0 42.9 27.5

Partial amount paid other

than the minimum4.8 5.6 1.2

Above Minimum of amount to

pay2.0 0.0 0.8 0.0

Unspecified or no response 15.3 15.7 13.6 Installment 1.0 1.3 1.2 0.0

In Percent


In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

6. Inheritance

In Percent

In Percent

7. Credit Cards and Other Loans

2009 2014


Amount of Credit Limit of

Credit Cards

(In Pesos)

Amount of Credit Limit of

Credit Cards

(In Pesos)


15,001-30,000 26.6 25.8 30.3 15,001-30,000 24.6 20.9 27.0 23.4

30,001-45,000 7.7 6.9 11.4 30,001-45,000 5.3 6.2 4.8 14.7

45,001-60,000 17.6 19.7 8.3 45,001-60,000 12.0 14.3 10.6 11.1

60,001-75,000 4.9 2.9 13.4 60,001-75,000 2.4 3.1 1.9 0.0

75,001-90,000 2.7 3.0 1.5 75,001-90,000 1.7 2.2 1.3 3.2

90,001-105,000 9.5 10.8 4.1 90,001-105,000 11.2 6.4 14.2 3.6

105,001 and up 14.6 16.6 5.6 105,001 and up 18.1 28.0 11.9 7.0

Average 66,000.0 70,368.0 46,762.0 Average 84,056.8 104,612.0 70,933.7 70,145.5

Median 44,000.0 50,000.0 30,000.0 Median 35,000.0 50,000.0 30,000.0 29,000.0

Total Outstanding Balance of

Credit Card Bill

(In Pesos)

Total Outstanding Balance of

Credit Card Bill

(In Pesos)


5,001-10,000 19.1 21.2 9.9 5,001-10,000 19.3 25.3 15.4 16.0

10,001-15,000 10.6 10.3 11.8 10,001-15,000 9.9 14.2 7.1 3.8

15,001-20,000 11.8 10.8 16.0 15,001-20,000 9.1 10.0 8.5 22.1

20,001-25,000 5.3 6.3 0.8 20,001-25,000 1.7 2.2 1.4 3.9

25,001-30,000 4.3 3.9 6.1 25,001-30,000 3.9 4.4 3.5 0.0

30,001 and up 12.9 12.5 15.1 30,001 and up 14.3 12.1 15.8 15.0

Average 18,223.0 17,464.0 21,481.0 Average 17,462.3 18,676.5 15,586.7 16,690.9

Median 10,000.0 10,000.0 10,000.0 Median 8,000.0 6,000.0 10,000.0 8,500.0

Mode of PaymentBank (over the counter) 65.0 63.6 65.5 77.9

Bayad center / Bills payment

center 18.9 16.5 17.93.4

Direct cash payment (person

to person, debt collector) 3.9 5.6 5.0

6.9

Mobile banking 3.5 1.2 2.2 0.0

Internet banking 2.0 0.0 0.8 0.0

Salary Deduction 1.9 6.8 4.9 11.8

ATM Bank to Bank Transfer 0.9 4.3 3.0 0.0

Pawnshops 0.0 0.4 0.3 0.0


Other Outstanding Loans


Other Outstanding Loans

With outstanding loans on

other loans aside from loans

on housing, real estate,

car/vehicle, furniture,

appliance and credit card

20.9 18.2 23.0

With outstanding loans on





15.2 10.5 16.0 12.7

Without outstanding loans on





79.1 81.8 77.0

Without outstanding loans on





84.8 89.5 84.0 87.3

In Percent

In percentIn percent

In Percent


In Percent

2009 2014


Distribution of Other Loan by

Type

Distribution of Other Loan by

Type

Personal loan (person to

person)36.9 41.7 33.8

Personal loan (person to

person) 46.0 51.2 45.441.8

Business loan (for start-up or

additional)12.2 11.8 12.5

Business loan (for start-up or

additional capital/ expansion)

14.2 12.2 14.4

14.9

All purpose/ multipurpose

loan16.7 10.9 20.6

All purpose/ multipurpose

loan12.2 11.5 12.3

12.9

Salary loan 19.0 21.7 17.2 Salary loan 11.3 11.3 11.3 16.9

Non-cash loans

(goods,fertilizers)6.2 3.5 7.9

Non-cash loans (goods,

fertilizers) 5.4 1.1 5.9 6.3

Emergency loan 2.7 2.5 2.8 Emergency loan 4.2 7.7 3.8 2.3

Educational loan 1.2 1.0 1.3 Educational loan 3.0 2.0 3.2 1.0

Others, not specified 1.0 1.1 0.9 Utang sa tindahan 0.4 0.0 0.5 1.0

Appliance loan 0.3 0.4 0.2 Agricultural loan 0.4 0.0 0.4 0.2

Car loan 0.2 - 0.4 Others 1.1 1.5 1.0 1.7

* Includes appliance loan and car loan * Includes agricultural loan, and loan in the store

Amount of Other Loan Still

Owed

Amount of Other Loan Still

Owed

2,000 and below 31.9 26.9 35.2 2,000 and below 29.5 27.1 29.8 31.32,001-4,000 15.1 16.9 13.8 2,001-4,000 15.9 20.6 15.4 16.64,001-6,000 11.0 11.7 10.6 4,001-6,000 11.3 12.0 11.3 8.8

6,001-8,000 5.4 5.3 5.4 6,001-8,000 6.5 8.5 6.3 7.6

8,001-10,000 7.2 7.6 7.0 8,001-10,000 7.5 8.3 7.4 5.9

10,001-12,000 2.7 2.4 2.9 10,001-12,000 2.3 2.6 2.3 0.6

12,001-14,000 2.1 2.9 1.5 12,001-14,000 1.0 0.0 1.1 1.1

14,001-16,000 3.2 2.6 3.6 14,001-16,000 2.9 2.7 3.0 3.6

16,001-18,000 1.8 2.2 1.6 16,001-18,000 1.1 0.7 1.1 1.3

18,001 and up 19.7 21.6 18.4 18,001-20,000 3.9 2.7 4.0 5.5

20,001 and up 15.8 13.6 16.0 14.1

Don't Know 2.2 0.7 2.3 3.5

Refused 0.1 0.4 0.0 0.1

Average 21,235.0 27,203.0 17,271.0 Average 20,219.1 25,736.2 19,577.2 22,518.1

Median 5,000.0 5,000.0 4,500.0 Median 5,000.0 4,400.0 5,000.0 4,500.0

Loan Payment Status of Other

Loans

Loan Payment Status of Other

Loans

Ahead 1.8 1.8 1.8 Ahead 8.0 12.1 7.5 10.7


Behind 34.3 32.4 35.5 Behind 24.6 17.8 25.4 22.2

Hindi pa nagstart maghulog 0.8 0.0 0.9 1.4

Used any asset as Collateral

on loan

Yes 7.8 5.9 8.0 11.0

No 92.2 94.1 92.0 89.0

Collateral used on loan

Sangla ATM account (for

salary, pension, and

remittances)

39.9 63.7 37.9 29.1

Land 22.5 13.7 23.2 23.1

Appliances 11.7 0.0 12.7 15.5

Vehicle 7.7 9.9 7.5 4.9

Harvest 6.0 0.0 6.5 10.6

House/Townhouse/Condo unit 4.5 12.7 3.8 2.2

Jewelry 1.9 0.0 2.0 6.2

Business 1.4 0.0 1.5 0.0

Stock Certificate/PDC 1.3 0.0 1.4 4.5

Refused 1.5 0.0 1.6 1.6

In percent

In Percent


In percent

In Percent

In Percent

In Percent

2009 2014


Employment Status of

Respondents

Employment Status of

Respondents

Self-Employed 29.2 26.5 31.3

Self-Employed (ex. services,

trade, production) (including

unpaid work in a family

business)

27.9 24.5 28.5 31.0


Employee 30.4 29.4 31.2 Employee 22.1 24.3 21.7 19.4


Retired 3.2 4.0 2.6 Retired 2.7 3.3 2.7 2.9

Permanently disabled and

unable to work0.5 0.5 0.5


unable to work0.7 0.1 0.8 0.9

Employer of a business 1.0 0.8 1.2 Unemployed and looking for

work0.5 0.6 0.5 0.6

Student 0.3 0.5 0.2 Employer of a business 0.5 0.5 0.5 0.6

OFW 0.3 0.5 0.1 Student 0.5 0.5 0.4 0.4

Others only 0.0 - 0.0 OFW 0.2 0.3 0.2 0.2

Farmer 0.1 0.0 0.1 0.1

Laborer 0.1 0.0 0.1 0.2

Number of Jobs of

respondents in 2013

1 93.9 95.3 93.7 95.0

2 5.9 4.4 6.2 5.0

3 0.2 0.3 0.2 0.0

Classification of Respondents'

Primary Job in FY 2008



Worked for private

establishment /non-farm

business

47.3 64.8 33.6

Worked for private

establishment / non-farm

business (Non-business Job)

33.3 59.4 28.6 30.5

Worked for

government/GOCC19.3 18.7 19.8

Worked for private household

(Non-business Job)23.2 19.7 23.8 26.7

Worked for private household 18.6 15.6 21.0

Worked for

government/GOCC (Non-

business Job)

22.3 17.8 23.1 23.7

Paid worker of somebody

else's farm12.4 0.2 21.9


else's farm. (Non-business

Job)

15.2 0.5 17.9 11.3

Unpaid volunteer/worker in a

non-family operated business

or institute

0.9 0.1 1.6 Self-employed w/out any

employee3.7 1.7 4.1 5.3

Self-employed w/out any

employee0.7 0.3 0.9

Employer in own family-

operated farm0.9 0.0 1.1 1.1

Unpaid worker in family-

operated farm or business0.4 - 0.8

Employer in own family

operated non-farm business0.5 0.5 0.6 0.7


operated non-farm business0.2 0.3 0.1


operated farm or business.

(Non-business Job)

0.5 0.0 0.6 0.3


operated farm0.1 - 0.2


operated non-farm business

(Non-business Job)

0.2 0.0 0.3 0.0


operated non-farm business0.0 0.1 -



or institute.(Non-business Job)

0.1 0.3 0.1 0.3

Other 0.0 0.3 0.0 0.0

Work and Income of Respondent in Full Year (FY) 2013

C. Income and Expenditures

In Percent

In Percent


In Percent

Work and Income of Respondent in Full Year (FY) 2008

1. Work and Income of Respondent and Spouse

2009 2014


Respondents' Primary Job by

Type of Industry in FY 2008

Respondents' Primary Job by

Type of Industry in FY 2013

Other Community, Social &

Person Service Activities19.1 22.9 16.2

Agriculture, Hunting &

Forestry24.5 0.7 28.5 23.4


Forestry17.8 1.5 30.5 Other Service Activities 19.3 24.4 18.4 17.5

Construction 10.4 9.2 11.4 Construction 9.6 10.5 9.4 9.4

Manufacturing 9.1 12.8 6.1 Industry not elsewhere

classified5.3 8.8 4.8 7.8

Transport, Storage &

Communication8.8 13.2 5.3

Public Administration &

Defense; Compulsory Social

Security

5.1 5.5 5.1 7.9

Wholesale & Retail Trade;

Repair of Motor Vehicles,

Motorcycles & Personal &

Household Goods

8.3 11.4 5.9 Manufacturing 4.4 7.3 3.9 2.5



Security

7.9 6.6 8.9 Education 4.2 4.8 4.1 5.0

Education 4.4 3.7 4.9 Human Health & Social Work

Activities4.2 3.9 4.2 6.1

Health & Social Work 3.5 4.6 2.5 Accomodation and Food

Service Activities4.1 10.5 3.1 2.8

Hotels & Restaurants 3.2 4.8 2.0 Transport & Storage 3.4 3.0 3.5 3.7

Real Estate, Renting &

Business Activities1.9 3.7 0.6


Repair of Motor Vehicles &

Motorcycles

3.1 5.0 2.7 2.7

Financial Intermediation 1.5 2.1 1.1 Administrative and Support


Electricity, Gas & Water

Supply1.5 1.8 1.2 Fishing & Aquaculture 2.1 1.4 2.3 3.1

Fishing 1.5 0.7 2.1

Activities of Households as

Employers; Undifferentiated

Goods and Services-producing

Activities of Households for

Own Us

2.0 1.8 2.0 1.8

Industry not elsewhere

classified0.7 1.0 0.5

Professional, Scientific and

Technical Activities1.4 1.1 1.4 0.4

Mining & Quarrying 0.4 - 0.6 Electricity, Gas, Steam & Air

Conditioning Supply1.2 1.6 1.1 1.2

Extra-territorial bodies and

organizations0.1 - 0.1

Information and

Communication0.9 2.0 0.7 1.6

Financial and Insurance


Water Supply, Sewerage,

Waste Management &

Remediation Activities

0.6 1.3 0.5 0.6

Arts, Entertainment and

Recreation0.4 0.8 0.4 0.1

Mining & Quarrying 0.4 0.2 0.4 0.8

Real Estate Activities 0.3 0.5 0.2 0.1

Activities of Extraterritorial

Organizations and Bodies0.1 0.2 0.0 0.0


2009 2014


Number of Days that

Employed Respondents

Worked in FY 2008

Number of Days that

Employed Respondents

Worked in FY 2013

1-30 1.2 0.9 1.3 1-30 3.8 3.2 3.9 9.1

31-60 1.2 0.9 1.3 31-60 1.6 0.7 1.8 1.9

61-90 1.5 1.7 1.4 61-90 2.4 2.2 2.5 2.6

91-120 1.6 1.8 1.4 91-120 2.5 1.0 2.8 2.4

121-150 2.6 3.2 2.2 121-150 1.9 1.5 1.9 2.0

151-180 4.3 4.9 3.9 151-180 5.1 3.6 5.3 4.5

181-330 10.0 9.5 10.3 181-330 8.2 7.3 8.4 5.8

Don’t Know 0.1 0.0 0.2 0.1

No response 0.0 0.1 0.0 0.0

Place of Work of Respondents'





Abroad 1.8 2.8 1.0 Abroad 0.6 1.0 0.5 0.5

Number of Hours Spent by

Respondent in a Normal

Working Week for His/Her



Respondent in a Normal

Working Week for His/Her


1-40 35.8 30.2 40.3 0 0.2 0.0 0.2 0.5

41-80 57.8 60.8 55.4 1-40 41.8 32.8 43.4 51.2

81-120 5.6 7.8 3.9 41-80 53.0 60.8 51.7 44.2

121-160 0.2 0.3 0.2 81-120 4.0 5.5 3.8 3.0

161 and up 0.4 0.0 0.5 0.4

Don’t Know 0.2 0.0 0.3 0.4

No response 0.0 0.2 0.0 0.0

Average 48.0 51.0 45.0 Average 43.3 47.3 42.6 38.4

Median 48.0 48.0 48.0 Median 48.0 48.0 48.0 40.0

Average Monthly Gross

Salary/Wage Received by

Respondent for His/Her


(In Pesos)



Respondent for His/Her


(In Pesos)


5,001-10,000 34.5 36.7 32.8 5,001-10,000 29.3 25.0 30.0 33.5

10,001-20,000 19.8 31.2 11.0 10,001-20,000 18.3 40.1 14.7 13.2

20,001-50,000 4.9 8.0 2.5 20,001-50,000 6.4 9.9 5.8 5.0

50,001-100,000 0.7 1.5 0.1 50,001-100,000 1.8 1.8 1.8 2.9

100,001 and up 0.2 0.2 0.2 100,001 and up 2.2 0.7 2.4 1.8

Don’t Know 0.2 - 0.2 0.5

Refused 0.2 0.4 0.2 0.6

None/No salary 1.3 0.2 2.1 None/No salary 2.8 0.7 3.2 2.0

No response 0.0 0.1 - No response 0.2 0.5 0.1 0.3

Average 9,176.0 11,636.0 7,240.0 Average 23,172 13,662 24,799 20,127.9

Median 6,667.0 9,000.0 4,800.0 Median 6,000 10,500 6,000 6,000.0

In Percent

In Percent



In Percent

In Percent

2009 2014


Respondents'

Spouse's/Partner's

Employment Status in FY 2008

Respondents'

Spouse's/Partner's

Employment Status in

FY 2013

Worked as an employee, self-

employed or engaged in

business in 2008

64.4 66.3 62.9

Worked as an employee, self-

employed or engaged in

business in 2013

65.6 59.5 66.5 64.3

Did NOT work as an employee,

self-employed or engage in

business in 2008

35.6 33.7 37.1

Did NOT work as an employee,

self-employed or engage in

business in 2013

34.4 40.5 33.5 35.7

Number of Jobs of

Respondents'

Spouse's/Partner's in

FY 2013

1 96.0 97.6 95.7 96.9

2 3.9 2.4 4.1 3.0

3 and up 0.1 0.0 0.1 0.1

Spouse's/Partner's


Spouse's/Partner's


Employee 43.2 47.2 40.2 Employee 52.0 66.4 50.0 50.2

Self-Employed 18.3 15.2 20.6

Self-Employed (ex. services,

trade, production) (including

unpaid work in a family

business)

35.6 25.6 37.0 36.4



OFW 1.9 2.7 1.3 OFW 2.7 1.9 2.9 3.3

Employer of a business 0.6 0.6 0.6 Retired 0.7 0.6 0.7 0.8

Did not work as an employee,

self-employed or engaged in

business

35.6 33.7 37.1 Employer of a business 0.5 0.8 0.5 0.6


unable to work0.3 0.1 0.3 0.1

Unemployed and looking for

work0.2 0.0 0.2 0.2

Volunteer 0.0 0.1 0.0 0.0

Student 0.0 0.0 0.0 0.0

Gardener 0.0 0.0 0.0 0.0

Work and Income of Respondent’s Spouse

In Percent

In Percent


In Percent

2009 2014



Spouse/Partner's Primary Job

in

FY 2008



in

FY 2013

Worked for private


business

59.3 72.5 47.1

Worked for private


business (Non-business Job)

45.4 62.1 42.4 43.4

Worked for private household 18.4 14.8 21.7 Worked for private household

(Non-business Job)25.7 23.3 26.2 31.3

Worked for

government/GOCC13.3 11.6 14.8

Worked for

government/GOCC (Non-

business Job)

13.5 11.6 13.9 14.7


else's farm7.7 0.3 14.7


else's farm. (Non-business

Job)

11.2 0.6 13.0 5.5


operated farm or business0.4 0.1 0.7


operated farm0.7 0.0 0.8 0.9


employee0.5 0.4 0.5


employee2.6 1.6 2.8 2.8


operated non-farm business0.2 0.4 0.0


operated non-farm business0.4 0.4 0.4 0.9



or institute

0.2 - 0.4


operated farm or business.

(Non-business Job)

0.2 0.0 0.3 0.3


operated non-farm business0.0 - 0.0


operated non-farm business

(Non-business Job)

0.1 0.2 0.0 0.1


operated farm0.0 - 0.0



or institute.(Non-business Job)

0.1 0.2 0.1 0.2


2009 2014


Respondents'


by Type of Industry in

FY 2008

Respondents'


by Type of Industry in

FY 2013

Other Community, Social &

Person Service Activities 14.6 14.5 14.7 Other Service Activities 19.2 23.0 18.5 19.9

Construction 14.3 13.2 15.4 Agriculture, Hunting &

Forestry17.3 0.4 20.3 14.5

Transport, Storage &

Communication13.4 17.3 9.8 Construction 15.8 17.4 15.6 15.2


Forestry12.1 0.6 22.8 Transport & Storage 7.3 8.9 7.0 7.6

Manufacturing 10.7 12.8 8.7 Industry not elsewhere

classified5.6 8.3 5.1 9.7


Repair of Motor Vehicles,

Motorcycles & Personal &

Household Goods

10.0 12.9 7.3 Manufacturing 5.4 8.3 4.9 5.0



Security

7.3 7.5 7.1



Motorcycles

4.0 4.2 4.0 4.6

Hotels & Restaurants 4.0 5.7 2.4 Accomodation and Food


Education 3.3 2.4 4.0



Security

3.4 4.1 3.3 3.2

Health & Social Work 2.6 3.1 2.0 Education 3.1 1.7 3.3 3.3

Real Estate, Renting &

Business Activities2.3 3.9 0.9

Human Health & Social Work


Electricity, Gas & Water

Supply2.2 3.0 1.5

Electricity, Gas, Steam & Air

Conditioning Supply1.9 3.1 1.7 1.8

Fishing 1.2 0.4 1.9 Fishing & Aquaculture 1.9 0.2 2.2 1.4

Financial Intermediation 0.9 1.2 0.5 Professional, Scientific and

Technical Activities1.7 1.4 1.7 0.9







Own Us

1.6 1.9 1.6 1.0

Mining & Quarrying 0.3 0.2 0.4 Administrative and Support


Extra-territorial bodies and

organizations0.1 0.1 0.1

Information and


Financial and Insurance


Mining & Quarrying 0.8 0.2 0.9 1.1


Waste Management &


0.7 1.3 0.6 0.7

Arts, Entertainment and 0.6 1.5 0.4 0.3

Real Estate Activities 0.2 0.6 0.2 0.1


Organizations and Bodies0.1 0.2 0.1 0.3


2009 2014


Number of Days that

Respondents' Spouse/Partner

Worked in FY 2008

Number of Days that


Worked in FY 2013

1-30 0.6 0.5 0.7 1-30 3.5 3.5 3.5 8.7

31-60 0.7 0.7 0.7 31-60 1.2 0.7 1.3 1.5

61-90 0.9 0.8 1.0 61-90 1.4 0.3 1.5 1.6

91-120 1.1 0.9 1.3 91-120 1.7 0.6 1.8 1.8

121-150 1.0 0.9 1.1 121-150 1.2 1.2 1.2 1.3

151-180 2.3 2.0 2.6 151-180 3.9 2.5 4.1 3.2

181-210 0.8 0.7 0.8 181-210 0.9 0.9 0.9 1.0

211-240 1.6 1.4 1.8 211-240 1.9 1.7 2.0 2.0

241-270 1.1 1.3 0.8 241-270 0.8 1.4 0.7 0.5

271-300 2.8 2.0 3.6 271-300 2.7 1.6 2.9 2.2

301-330 1.0 1.3 0.8 301-330 0.3 0.1 0.4 0.1

331-360 84.9 86.8 83.0 331-360 79.9 85.1 79.1 74.7

361 and up 1.2 0.7 1.7 361 and up 0.6 0.4 0.6 1.4



in FY 2008



in FY 2013


Abroad 9.5 10.5 8.5 Abroad 4.3 4.5 4.2 4.0



in a Normal Working Week for

His/Her Primary Job



in a Normal Working Week for

His/Her Primary Job

1-40 25.1 21.0 28.9 0 0.1 0.0 0.1 0.0

41-80 69.5 72.6 66.7 1-40 29.3 21.0 30.7 41.1

81-120 4.8 5.6 4.1 41-80 66.1 74.3 64.7 54.4

121-160 0.5 0.8 0.2 81-120 3.9 4.1 3.9 3.9

161 and up 0.1 0.1 0.1 121-160 0.2 0.2 0.2 0.5

161 and up 0.1 0.0 0.2 0.0

No response 0.2 0.4 0.2 0.1

Average 50.0 52.0 48.0 Average 46.9 50.3 46.3 41.9

Median 48.0 48.0 48.0 Median 48.0 48.0 48.0 48.0




for His/Her Primary Job

(In Pesos)




for His/Her Primary Job

(In Pesos)

1-5,000 22.9 9.1 35.6 5,000 and below 26.2 11.5 28.8 26.5

5,001-10,000 39.3 38.2 40.4 5,001-10,000 32.2 23.5 33.8 35.5

10,001-20,000 27.8 40.4 16.2 10,001-20,000 25.3 47.6 21.4 23.5

20,001-50,000 7.3 9.4 5.3 20,001-50,000 7.2 10.1 6.7 4.9

50,001-100,000 1.6 1.8 1.4 50,001-100,000 2.5 1.7 2.6 2.0

100,001 and up 0.8 1.0 0.7 100,001 and up 3.6 3.1 3.7 4.0

None/No salary 0.2 0.1 0.3 Don’t Know 0.7 0.5 0.8 1.6

No response 0.0 0.1 - Refused 0.4 1.1 0.3 0.0

None/No salary 1.5 0.4 1.7 1.7

No response 0.2 0.4 0.1 0.2

Average 12,722.0 14,763.0 10,831.0 Average 38,072.8 32,186.0 39,109.2 24,071.2

Median 9,000.0 10,500.0 6,600.0 Median 9,000.0 12,000.0 8,000.0 8,400.0

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014



Who Received Cash, Gift or

Other Forms of Assistance

From Abroad in 2008


Who Received Cash, Gift or

Other Forms of Assistance

From Abroad in 2013

Received cash, gift or other

forms of assistance from

abroad

19.6 22.5 17.2

Received cash, gift, or other

forms of assistance from

abroad

13.2 14.1 13.1 11.6

Did NOT receive cash, gift or

other forms of assistance

from abroad

80.4 77.5 82.8

Did NOT receive cash, gift, or

other forms of assistance

from abroad

86.8 85.9 86.9 88.4

Amount Received From Family

Members Working Abroad

(In Pesos)

Amount Received From Family

Members Working Abroad (in

Pesos)

1-10,000 37.6 46.0 28.8 1-5,000 39.9 29.7 41.7 48.9

10,001-20,000 10.4 12.8 7.9 5,001-10,000 16.2 17.0 16.0 17.7

20,001-30,000 5.3 4.1 6.7 10,001-30,000 18.5 25.1 17.4 18.0

30,001-40,000 1.9 1.7 2.1 30,001-50,000 5.8 4.6 6.1 4.7

40,001-50,000 2.7 2.8 2.6 50,001-100,000 8.6 10.0 8.4 6.5

50,001-60,000 4.5 3.1 5.9 100,001-150,000 3.7 2.5 3.9 2.8

60,001-70,000 1.1 0.9 1.2 150,001-300,000 4.7 5.8 4.5 1.4

70,001-80,000 1.1 0.7 1.4 300,001-500,000 1.3 3.7 0.9 0.0

80,001-90,000 1.4 1.8 1.0 500,001 and up 1.3 1.6 1.2 0.0

90,001-100,000 1.3 0.8 1.8

100,001 and up 11.2 9.5 12.9

No response 21.5 15.7 27.7

Average 48,987.6 39,992.8 60,083.5 Average 59,295.2 70,071.4 57,480.4 19,913.9

Median 12,000.0 10,000.0 20,000.0 Median 10,000.0 15,000.0 10,000.0 6,000.0

Sources of Domestic

Assistance Received by

Respondents/Households

Sources of Domestic

Assistance Received by

Respondents/Households

From other households 19.8 15.7 23.2 From other households 10.0 7.4 10.4 6.7

From government 3.1 3.1 3.1 From government 13.5 8.1 14.3 10.6

Others 0.3 0.4 0.2 Others 0.1 0.1 0.1 0.8

None 77.1 80.8 74.2 None 75.3 83.8 73.9 80.6

Amount of Assistance

Received From Other

Households in FY 2008

(In Pesos)


Received From Other

Households in FY 2013

(in Pesos)

1-2,500 29.9 30.4 29.7 1-2,500 39.70 31.18 40.66 52.5

2,501-5,000 20.6 23.2 19.1 2,501-5,000 19.15 19.38 19.12 18.6

5,001-10,000 14.9 13.9 15.4 5,001-10,000 14.12 18.65 13.61 11.2

10,001-30,000 22.0 18.2 24.1 10,001-30,000 19.30 16.82 19.58 12.4

30,001-50,000 6.2 6.3 6.2 30,001-50,000 3.45 4.23 3.36 4.1

50,001-100,000 4.2 4.6 4.0 50,001-100,000 2.99 5.78 2.68 0.8

100,001-150,000 1.1 2.0 0.6 100,001-150,000 0.82 3.15 0.56 0.4

150,001 and up 1.0 1.4 0.8 150,001 and up 0.48 0.81 0.44 0.0

Average 15,790.0 17,328.0 14,941.0 Average 12,152.42 19,431.11 11,325.18 7,362.9

Median 5,000.0 5,000.0 6,000.0 Median 4,800.00 5,000.00 4,000.00 2,000.0

In Percent

In Percent

Cash, Gift and Other Forms of Assistance Received by

In Percent


In Percent


2009 2014



Received From Government in

FY 2008

(In Pesos)


Received From Government in

FY 2013

(in Pesos)

1-500 49.0 40.2 56.1 1-500 22.30 21.46 22.38 20.5

501-10,000 39.6 46.8 33.8 501-1,000 7.79 10.40 7.55 10.6

10,001-50,000 10.1 10.1 10.1 1,001-2,500 18.11 14.28 18.46 27.5

50,001-100,000 - - - 2,501-5,000 12.84 17.11 12.45 13.3

100,001-150,000 0.8 1.9 - 5,001-7,500 5.46 9.00 5.14 5.4

150,001-350,000 0.4 1.0 - 7,500-10,000 12.64 11.31 12.76 9.7

10,001-15,000 13.03 9.40 13.36 8.1

15,001 and up 7.83 7.03 7.90 5.0

Average 5,885.0 9,290.0 3,133.0 Average 6,238.10 6,398.44 6,223.57 4,413.2

Median 750.0 1,000.0 500.0 Median 2,800.00 3,000.00 2,800.00 2,000.0


Received From

NGOs/POs/Private Institutions

in FY 2008

(In Pesos)


Received From

NGOs/Pos/Private Institutions

in FY 2013

(in Pesos)

1-1,000 41.0 41.4 39.8 1-500 24.33 39.11 23.19 12.9

1,001-5,000 27.8 20.8 50.5 501-1,000 10.78 8.79 10.94 6.6

5,001-10,000 13.7 17.9 - 1,001-2,500 15.29 27.30 14.37 19.1

10,001-20,000 8.0 10.5 - 2,501-5,000 11.26 10.02 11.36 13.0

20,001-30,000 1.6 2.1 - 5,001-7,500 5.26 - 5.66 9.4

30,001-40,000 1.5 2.0 - 7,500-10,000 18.54 5.52 19.54 12.1

40,001-50,000 1.1 - 4.6 10,001-15,000 7.08 - 7.62 11.5

50,001-60,000 4.0 5.3 - 15,001 and up 7.47 9.26 7.33 15.460,001 and up 1.2 - 5.1 Average 8,545.0 7,883.0 10,699.0 Average 5,382.43 3,800.90 5,504.01 7,712.1

Median 2,000.0 2,000.0 1,500.0 Median 2,500.00 1,500.00 3,000.00 4,800.0


Who Own Any Type of

Business, Farm or Professional

Partnership in FY 2008


Who Own Any Type of

Business, Farm or Professional

Partnership in FY 2008

Do NOT own any type of

business, farm or professional

partnership

59.4 63.9 55.8

Do NOT own any type of

business, farm or professional

partnership

81.9 82.3 81.8 90.6

Own any type of business,

farm or professional

partnership

40.6 36.1 44.2

Own any type of business,

farm or professional

partnership

18.1 17.7 18.2 9.4

Number of Businesses Owned

in

FY 2008

Number of Businesses Owned

in

FY 2013

1 87.4 89.2 86.1 1 89.6 89.8 89.6 93.8

2 11.5 9.4 12.9 2 9.8 9.8 9.8 5.5

3 1.1 1.3 0.9 3 0.5 0.3 0.5 0.8

4 0.0 - 0.1 4 and up 0.1 - 0.1 0.0

In Percent

In Percent

2. Businesses Including Self-Employed in FY 2008 and 2013

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Products or Services

Produced/Provided by the

Business in FY 2008

Products or Services

Produced/Provided by the

Business in FY 2013

Agriculture, hunting and

forestry22.9 2.3 36.2


Forestry23.9 2.7 27.2 24.5

Fishing 5.8 1.5 8.6 Fishing & Aquaculture 5.3 0.8 5.9 5.2

Mining and quarrying 0.6 0.2 0.9 Mining & Quarrying 0.1 0.2 -

Manufacturing 3.5 1.9 4.5 Manufacturing 1.7 3.3 1.4 1.5

Electricity, gas and water

supply0.4 0.6 0.3

Electricity, Gas, Steam & Air

Conditioning Supply0.1 0.9 - -

Construction 2.5 5.1 0.8


Waste Management &


0.3 0.6 0.2 -

Wholesale and retail trade;

repair of motor vehicles,

motorcycles and personal and

household goods

38.3 51.0 30.0 Construction 0.5 0.3 0.5 0.4

Hotels and restaurants 3.7 4.6 3.0



Motorcycles

31.8 39.3 30.6 31.7

Transport, storage and

communication8.7 9.6 8.0 Transport & Storage 2.5 1.8 2.6 1.2

Financial intermediation 0.3 0.6 0.1 Accomodation and Food


Real estate, renting and

business activities4.0 7.9 1.5

Information and


Public administration and

defense compulsory social

security

0.0 0.1 - Financial and Insurance


Education 0.2 0.4 0.0 Real Estate Activities 0.3 0.3 0.3 -

Health and social work 0.4 0.8 0.2 Professional, Scientific and

Technical Activities0.3 0.3 0.2 -

Other community, social and

personal service activities8.0 12.4 5.1



Security

0.0 0.3 - -



Human Health & Social Work


Arts, Entertainment and

Recreation0.4 0.9 0.3 0.3

Other Service Activities 10.3 7.5 10.7 5.2





Own Use

2.5 0.9 2.8 2.8


Organizations and Bodies0.0 - - -


classified7.4 10.8 6.9 13.7


2009 2014


Mode of Business Acquisition

in

FY 2008

Mode of Business Acquisition

in

FY 2013

Started 92.7 93.5 92.2 Started / Built by the family 92.2 94.3 91.9 90.5

Inheritance/Gift 4.7 2.9 5.9 Inheritance / Gift 4.9 3.0 5.2 5.1

Purchased business 1.6 1.7 1.5 Purchased business 1.2 0.9 1.3 2.6

Through partnership 0.5 0.9 0.3 Through partnership 1.3 1.2 1.3 1.5

Purchased franchise 0.4 1.0 0.1 Purchased franchise 0.2 0.3 0.2 -

Others 0.0 - 0.1 Others 0.2 0.3 0.2 0.3

Year Business was

Started/Acquired

Year Business was

Started/Acquired

1930-1939 0.0 - 0.0 before 1940 0.0 - 0.0 -

1940-1949 0.2 0.2 0.3 1940-1949 0.1 - 0.1 -

1950-1959 0.9 0.2 1.4 1950-1959 0.5 0.3 0.5 -

1960-1969 2.8 0.8 4.0 1960-1969 0.9 - 1.1 0.9

1970-1979 6.7 3.4 8.7 1970-1979 3.3 1.2 3.6 4.2

1980-1989 14.3 10.2 16.8 1980-1989 7.3 5.4 7.5 8.1

1990-1994 10.0 7.8 11.4 1990-1994 7.0 3.5 7.6 4.0

1995-1999 12.2 11.6 12.6 1995-1999 7.3 6.2 7.5 8.0

2000-2004 20.0 23.1 18.2 2000-2004 16.3 15.0 16.5 17.2

2005-2007 19.7 26.0 15.9 2005-2007 8.7 11.2 8.3 9.5

2008-2010 13.1 16.9 10.7 2008-2010 17.9 20.8 17.4 18.2

No response 0.0 - 0.0 2011-2014 29.5 36.2 28.5 27.8

No response 1.1 - 1.4 2.0

Number of People that

Worked in the Business in FY

2008 (including Respondent

and Other Household

Members)

Number of People that

Worked in the Business in FY

2013 (including Respondent

and Other Household

Members)

1 63.0 64.8 61.9 1 50.0 45.9 50.6 54.4

2 25.1 23.9 25.9 2 29.9 30.4 29.8 25.8

3 5.2 4.5 5.6 3 8.9 13.8 8.2 7.3

4 2.6 2.6 2.6 4 3.8 4.4 3.7 3.8

5 1.7 1.7 1.6 5 2.2 2.3 2.2 2.8

6 0.8 1.0 0.7 6 0.7 0.8 0.7 -

7 0.3 0.2 0.3 7 0.5 0.3 0.6 0.9 8 0.3 0.5 0.2 8 0.4 - 0.4 0.6

9 0.1 - 0.1 9 0.1 - 0.2 0.4

10-30 1.0 0.8 1.1 10-30 3.2 1.5 3.4 4.0

31 and up 0.2 0.6 0.2 -

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Amount of Net Income or

Profit from the Business

Before Taxes in FY 2008

(In Pesos)

Amount of Net Income or

Profit from the Business

Before Taxes in FY 2013

(In Pesos)

1-5,000 10.1 5.7 12.8 0 1.1 1.2 1.1 2.3

5,001-10,000 9.5 5.6 11.9 1-5,000 16.2 18.2 16.0 17.5

10,001-20,000 13.9 9.5 16.5 5,001-10,000 14.6 11.5 14.9 15.8

20,001-50,000 23.1 19.3 25.5 10,001-20,000 16.1 20.2 15.6 17.5

50,001-100,000 19.4 23.1 17.1 20,001-50,000 25.0 21.7 25.3 22.0

100,001 and up 19.2 28.3 13.7 50,001-100,000 14.9 13.0 15.2 14.7

No response 4.8 8.6 2.5 100,001 and up 12.2 14.2 11.9 10.2

Average 81,058.0 110,689.0 64,111.0 Average 53,126.3 70,508.5 50,911.8 46,565.3

Median 36,000.0 66,000.0 30,000.0 Median 24,000.0 20,000.0 24,000.0 20,000.0

Total Value of the Business on

a Cash Basis

(In Pesos)

Total Value of the Business on

a Cash Basis

(In Pesos)

1-5,000 22.2 20.4 23.2 0 0.2 - 0.2 -

5,001-10,000 12.1 12.3 12.0 1-5,000 12.5 14.4 12.2 11.5

10,001-20,000 11.2 9.9 12.0 5,001-10,000 10.5 13.7 10.2 10.6

20,001-30,000 6.7 5.4 7.5 10,001-20,000 13.5 14.0 13.6 13.7

30,001-40,000 3.8 3.1 4.1 20,001-30,000 6.7 11.9 6.0 5.3

40,001-50,000 6.6 7.8 5.9 30,001-40,000 3.1 2.5 3.2 2.2

50,001-60,000 1.9 1.6 2.0 40,001-50,000 7.2 7.2 7.3 9.7

60,001-70,000 1.5 1.6 1.5 50,001-60,000 1.7 1.1 1.7 0.4

70,001-80,000 1.4 1.8 1.2 60,001-70,000 1.4 1.8 1.4 0.4

80,001-90,000 0.4 0.2 0.5 70,001-80,000 2.0 2.2 2.0 1.8

90,001-100,000 5.7 7.0 4.9 80,001-90,000 0.4 0.4 0.4 0.4

100,001-500,000 14.1 13.0 14.7 90,001-100,000 5.7 6.8 5.5 6.2

500,001-1,000,000 3.5 3.4 3.5 100,001-500,000 14.9 11.5 15.2 15.4

1,000,001 and up 9.0 12.4 6.9 500,001-1,000,000 4.8 2.2 5.2 4.8

No response 0.0 - 0.0 1,000,001 and up 15.3 10.4 16.0 17.6

Average 1,828,570.0 1,982,631.0 1,737,662.0 Average (trimmed at 1%) 4,624,026.7 3,411,655.8 4,776,999.7 3,975,088.9

Median 30,000.0 40,000.0 27,000.0 Median 50,000.0 30,000.0 50,000.0 50,000.0


Total Household Income in FY

2008

(In Pesos)

Total Household Income in FY

2013

(In Pesos)


50,001 - 100,000 19.9 13.4 25.2 50,001 - 100,000 26.3 18.2 27.8 28.9

100,001 - 200,000 27.0 31.1 23.7 100,001 - 200,000 27.9 37.2 26.2 27.8

200,001 - 300,000 10.9 14.2 8.3 200,001 - 300,000 10.4 17.7 9.1 8.4

300,001 - 400,000 5.4 7.6 3.6 300,001 - 400,000 4.9 8.1 4.3 3.6

400,001 - 500,000 3.0 4.1 2.0 400,001 - 500,000 2.9 4.5 2.6 1.5

500,001 - 1,000,000 4.2 5.9 2.9 500,001 - 1,000,000 4.7 5.7 4.5 4.1

1,000,001 - 3,000,000 1.7 2.4 1.1 1,000,001 - 3,000,000 1.7 2.4 1.5 1.4

Average 188,349.9 235,867.3 149,580.5 Average 178,606.7 243,774.0 166,506.8 154,293.7

Median 108,000.0 144,000.0 83,000.0 Median 106,180.0 156,600.0 96,400.0 94,800.0

In Percent

In Percent

In Percent

In Percent

3. Total Income

In Percent

In Percent

2009 2014


Household Expenditures in FY

2008


2013


at home38.5 35.4 44.2


at home42.7 35.4 44.6 44.2

Rent 18.5 20.7 15.4 House rent 12.2 17.0 11.0 8.9

Transportation and

communication10.7 11.3 9.7 Regular transportation 9.0 8.0 9.2 10.6

Utilities 7.2 8.0 5.6 Education 6.5 6.4 6.6 6.5


outside the home6.6 6.7 6.1


outside the home6.4 8.1 6.0 6.1

Education 5.5 5.5 5.5 Electricity 6.2 7.7 5.8 5.5

Medicine and Medical

Services5.0 5.2 4.7 Medicine and medical services 3.7 3.3 3.8 3.5

House Repairs and

Maintenance2.1 1.6 2.8 Communications 3.1 3.4 3.1 3.7

Clothing 1.4 1.4 1.2 Housing repairs and

maintenance2.5 1.5 2.8 3.8

Travel and/or Vacation 1.2 1.2 0.9 Kerosene / Gas 1.6 2.1 1.5 1.3

Household Help Services 1.0 0.8 1.3 Water 1.5 2.7 1.2 1.4

Celebration during special

occasion0.9 0.9 0.9 Clothing 1.2 1.3 1.2 1.3

Purchase of

Furniture/Appliances and

Other Equipment

0.8 0.6 1.0

Purchase of furniture,

household appliances and

other equipment

0.8 0.8 0.9 1.0

Recreational Activities 0.3 0.3 0.2 Celebration during special

occasion0.8 0.6 0.9 0.6

Gifts 0.1 0.1 0.2 Travel or vacation 0.6 0.7 0.6 0.6

Real estate taxes 0.1 0.1 0.0 Household help 0.6 0.6 0.5 0.5

Laundry Services 0.0 0.0 0.0 Recreation 0.2 0.3 0.2 0.2

Other Expenditures 0.2 0.1 0.2 Others 0.1 0.0 0.2 0.1

Gifts 0.1 0.1 0.1 0.1

Expenditures on Food and

Beverage Consumed at Home

in FY 2008

(In Pesos)


Beverage Consumed at Home

in FY 2013

(In Pesos)

0 0.3 0.4 0.3 0.0 0.2 0.1 0.2 0.1

1-10,000 1.5 1.0 1.9 1-10,000 2.1 0.3 2.4 3.5

10,001-25,000 14.2 5.6 21.2 10,001-25,000 15.1 9.4 16.0 20.6

25,001-50,000 28.6 19.9 35.8 25,001-50,000 29.2 13.9 31.7 33.6

50,001-75,000 31.8 37.4 27.2 50,001-75,000 30.5 34.5 29.9 26.1

75,001-100,000 5.8 8.3 3.7 75,001-100,000 6.6 13.0 5.5 5.6

100,001-200,000 16.3 25.5 8.9 100,001-200,000 14.5 25.9 12.6 9.3

200,001-300,000 1.0 1.2 0.8 200,001-300,000 0.9 1.8 0.8 0.8

300,001 and up 0.5 0.8 0.3 300,001 and up 1.0 1.1 0.9 0.4

Don't Know 0.0 0.0 0.0 0.0

Average 64,198.6 78,995.4 52,126.0 Average 69,417.9 86,436.7 66,660.0 55,149.2

Median 54,000.0 72,000.0 37,200.0 Median 54,000.0 72,000.0 48,000.0 48,000.0

4. Expenditures



2009 2014



2008


2013

0 0.2 0.2 0.2 0.0 14.8 12.5 15.2 45.9

1-10,000 27.7 5.4 45.9 1-10,000 29.7 3.3 34.0 20.7

10,001-25,000 37.3 37.4 37.3 10,001-25,000 34.4 33.1 34.6 21.8

25,001-50,000 18.6 29.4 9.8 25,001-50,000 12.5 27.6 10.1 6.4

50,001-75,000 8.3 13.3 4.2 50,001-75,000 5.3 12.6 4.1 3.7

75,001-100,000 2.8 5.3 0.8 75,001-100,000 1.2 4.7 0.6 0.4

100,001-150,000 3.0 5.4 1.1 100,001-150,000 1.2 3.3 0.9 0.9

150,001-200,000 0.9 1.8 0.2 150,001-200,000 0.3 1.1 0.2 0.1

200,001 and up 1.0 1.7 0.4 200,001 and up 0.5 1.9 0.2 0.1

Don't Know 0.0 0.0 0.0 0.1

Average 30,743.1 46,127.2 18,189.5 Average 23,292.5 47,448.9 19,259.7 20,468.0

Median 18,000.0 30,000.0 12,000.0 Median 12,000.0 30,000.0 12,000.0 12,000.0

Expenditures on

Transportation and

Communication in FY 2008

(In Pesos)

Expenditures on

Transportation in FY 2013

(In Pesos)

0 5.8 3.4 7.8 0 5.9 1.9 6.5 8.4

1-10,000 50.5 35.6 62.7 1-10,000 56.8 47.1 58.4 56.8

10,001-25,000 26.1 32.8 20.5 10,001-25,000 25.3 31.2 24.3 25.3

25,001-50,000 10.2 16.1 5.5 25,001-50,000 7.3 10.4 6.8 5.7

50,001-75,000 3.9 6.4 1.8 50,001-75,000 2.8 6.5 2.2 2.2

75,001-100,000 1.0 1.7 0.4 75,001-100,000 0.5 0.7 0.5 0.5

100,001-150,000 1.6 2.6 0.7 100,001-150,000 0.8 1.5 0.7 0.5

150,001-200,000 0.5 0.7 0.2 150,001-200,000 0.1 0.2 0.1 0.1

200,001 and up 0.4 0.7 0.2 200,001 and up 0.4 0.5 0.4 0.5

Don't Know 0.0 0.0 - 0.0

Average 18,815.2 26,677.5 12,090.0 Average 15,432.1 19,963.1 14,662.0 14,433.4

Median 8,400.0 13,440.0 6,000.0 Median 6,000.0 11,520.0 6,000.0 6,000.0

Expenditures on

Communication in FY 2013

(In Pesos)

0 18.7 4.6 21.0 24.5

1-10,000 70.5 75.8 69.6 65.5

10,001-25,000 8.4 14.6 7.4 8.0

25,001-50,000 1.4 2.9 1.2 1.1

50,001-75,000 0.5 1.3 0.4 0.5

75,001-100,000 0.1 0.2 0.1 0.1

100,001-150,000 0.2 0.4 0.2 0.1

150,001-200,000 0.1 0.1 0.1 0.0

200,001 and up 0.1 0.2 0.1 0.1

Don't Know 0.0 0.0 0.0 0.0

Average 6,234.0 8,654.5 5,760.3 6,122.0

Median 2,400.0 3,600.0 2,400.0 2,400.0


Beverage Consumed Outside

the Home in FY 2008

(In Pesos)


Beverage Consumed Outside

the Home in

FY 2013

(In Pesos)

0 27.0 17.4 34.7 0.0 24.8 13.1 24.8 33.4

1-10,000 42.2 37.4 46.1 1-10,000 46.6 35.4 50.0 42.4

10,001-25,000 21.2 29.0 14.8 10,001-25,000 20.7 32.8 18.8 18.7

25,001-50,000 5.3 8.7 2.5 25,001-50,000 4.2 7.9 3.6 3.4

50,001-75,000 2.7 4.6 1.2 50,001-75,000 2.0 3.7 1.8 1.7

75,001-100,000 0.5 0.8 0.3 75,001-100,000 0.8 5.3 0.1 0.1

100,001-150,000 0.7 1.2 0.2 100,001-150,000 0.6 1.3 0.5 0.2

150,001 and up 0.4 0.8 0.1 150,001 and up 0.3 0.6 0.3 0.2

Average 15,145.5 20,363.3 9,761.8 Average 13,812.0 22,749.7 12,252.8 11,452.0

Median 6,000.0 12,000.0 6,000.0 Median 6,000.0 12,000.0 6,000.0 6,000.0


In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Expenditures on Utilities in FY

2008

(In Pesos)

Expenditures on Electricity in

FY 2013

(In Pesos)

0 7.8 2.6 12.1 0 10.4 2.9 11.6 13.4

1-5,000 33.6 12.6 50.7 1-5,000 42.0 11.2 47.0 49.5

5,001-10,000 19.2 19.9 18.6 5,001-10,000 19.8 21.9 19.5 18.5

10,001-20,000 20.6 30.7 12.4 10,001-20,000 17.4 36.8 14.3 13.1

20,001-30,000 10.1 18.0 3.7 20,001-30,000 5.9 14.3 4.5 3.2

30,001-40,000 3.8 6.9 1.3 30,001-40,000 1.7 4.4 1.3 1.1

40,001-50,000 2.2 4.2 0.6 40,001-50,000 1.1 3.0 0.8 0.2

50,001-60,000 1.1 2.1 0.3 50,001-60,000 0.6 2.4 0.3 0.2

60,001 and up 1.5 3.1 0.3 60,001 and up 1.1 3.0 0.7 0.7

Don't Know 0.0 - 0.0 0.0

Average 12,962.0 19,349.7 7,186.7 Average 11,182.9 19,219.2 9,754.2 7,949.8

Median 8,400.0 15,000.0 3,720.0 Median 6,000.0 13,000.0 4,800.0 4,200.0

Expenditures on Water in FY

2013

(In Pesos)

0 44.4 2.8 51.1 48.4

1-5,000 41.8 53.2 40.0 43.5

5,001-10,000 10.0 30.5 6.7 6.0

10,001-20,000 2.9 10.3 1.7 1.6

20,001-30,000 0.4 1.9 0.2 0.1

30,001-40,000 0.1 0.5 0.1 0.1

40,001-50,000 0.1 0.3 0.0 0.1

50,001-60,000 0.1 0.2 0.0 0.0

60,001 and up 0.2 0.2 0.1 0.2


Average 4,416.8 6,679.2 3,688.1 3,409.2

Median 3,000.0 5,000.0 2,400.0 2,140.0

Expenditures on Kerosene /

Gas in FY 2013

(In Pesos)

0 45.2 9.8 51.0 58.4

1-5,000 38.5 58.1 35.3 33.5

5,001-10,000 13.1 27.4 10.8 5.9

10,001-20,000 2.2 3.5 2.0 1.6

20,001-30,000 0.4 0.4 0.4 0.3

30,001-40,000 0.2 0.2 0.2 0.1

40,001-50,000 0.1 0.2 0.1 0.1

50,001-60,000 0.1 0.1 0.1 0.0

60,001 and up 0.2 0.3 0.1 0.1


Average 4,795.6 5,583.3 4,560.6 3,929.0

Median 3,300.0 4,200.0 3,000.0 2,000.0

In Percent

In Percent

In Percent

In Percent

2014

PHL NCR AONCR Reg 1-7-11

Expenditures on Clothing in FY

2013

(In Pesos)

0 18.7 8.5 20.4 27.5

1-5,000 75.6 81.5 74.7 67.8

5,001-10,000 3.8 6.2 3.4 3.0

10,001-20,000 1.3 2.5 1.1 1.2

20,001-30,000 0.3 0.6 0.2 0.3

30,001-40,000 0.1 0.2 0.1 0.1

40,001-50,000 0.1 0.3 0.1 0.0

50,001-60,000 0.0 0.1 0.0 0.0

60,001 and up 0.1 0.1 0.1 0.0


Average 2,471.8 3,499.9 2,280.4 2,207.6

2009 Median 1,000.0 2,000.0 1,000.0 1,000.0

PHL NCR Reg 1-7-11

Expenditures on Medicine and

Medical Services in FY 2008

(In Pesos)

Expenditures on Medicine and

Medical Services in

FY 2013

(In Pesos)

0 12.8 13.1 12.6 0 8.6 6.4 8.9 9.9

1-5,000 67.2 60.4 72.8 1-5,000 74.2 69.7 75.0 76.1

5,001-10,000 7.3 9.3 5.7 5,001-10,000 6.7 8.5 6.4 6.3

10,001-20,000 5.4 7.1 4.1 10,001-20,000 4.7 6.5 4.4 3.8

20,001-30,000 2.0 2.8 1.4 20,001-30,000 2.0 2.7 1.9 1.5

30,001-40,000 1.4 2.0 0.9 30,001-40,000 1.1 1.8 1.0 0.9

40,001-50,000 1.1 1.4 0.8 40,001-50,000 0.9 1.3 0.9 0.5

50,001-60,000 0.6 0.8 0.4 50,001-60,000 0.4 0.8 0.3 0.1

60,001 and up 2.1 3.1 1.3 60,001 and up 1.4 2.2 1.3 0.8

Average 9,463.3 13,281.6 6,366.7 Average 6,491.7 8,566.6 6,146.6 4,870.3

Median 1,000.0 2,000.0 900.0 Median 1,000.0 1,500.0 1,000.0 1,000.0

Expenditures on Education in

FY 2008

(In Pesos)

Expenditures on Education in

FY 2013

(In Pesos)

0 35.1 32.3 37.4 0 32.3 27.6 33.1 34.3

1-5,000 41.8 37.8 45.1 1-5,000 37.2 27.6 38.7 43.1

5,001-10,000 6.0 7.0 5.2 5,001-10,000 10.0 10.4 9.9 8.6

10,001-15,000 3.2 4.0 2.5 10,001-15,000 3.7 3.9 3.7 2.6

15,001-20,000 2.8 3.3 2.4 15,001-20,000 4.6 9.6 3.8 3.1

20,001-30,000 3.1 4.1 2.3 20,001-30,000 4.5 10.3 3.6 2.7

30,001-40,000 1.9 2.7 1.3 30,001-40,000 1.8 2.4 1.7 1.4

50,001-75,000 1.4 1.8 1.1 50,001-75,000 1.4 1.8 1.3 0.7

75,001-100,000 1.5 2.3 0.9 75,001-100,000 1.3 2.6 1.1 0.6

100,001 and up 1.3 2.1 0.6 100,001 and up 1.1 1.5 1.0 0.7


Average 14,149.6 18,977.3 9,887.7 Average 15,640 21,411 14,628 12,385.5

Median 3,000.0 5,000.0 2,000.0 Median 5,000 10,000 5,000 3,800

Expenditures on Recreational

Activities in FY 2008

(In Pesos)

Expenditures on Recreational

Activities in FY 2013

(In Pesos)

1-5,000 27.9 35.9 21.3 1-5,000 23.1 37.3 20.8 15.8

5,001-10,000 0.7 1.3 0.2 5,001-10,000 0.5 1.2 0.4 0.4

10,001 and up 0.7 1.3 0.2 10,001 and up 0.4 0.9 0.3 0.5

Average 1,587.7 2,046.9 925.0 No response 0.0 - 0.0 0.1

Median 500.0 500.0 500.0 Average 1,449.3 1,969.3 1,294.8 1,600.1

Median 500.0 500.0 500.0 500.0

Expenditures on Travel and/or

Vacation in FY 2008

(In Pesos)

Expenditures on Travel

and/or Vacation in FY 2013

(In Pesos)

0 84.5 80.8 87.5 0 87.1 77.9 88.6 88.4

5,001-10,000 2.3 3.3 1.5 5,001-10,000 1.8 4.1 1.4 0.9

10,001-20,000 1.2 2.0 0.6 10,001-20,000 1.1 2.5 0.9 0.8

20,001 and up 1.2 2.1 0.5 20,001 and up 0.8 1.3 0.7 0.5


Average 12,716.2 17,577.5 6,628.1 Average 7,783.5 7,806.7 7,776.2 5,967.2

Median 3,000.0 5,000.0 2,000.0 Median 3,000.0 4,000.0 3,000.0 1,600.0

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014


Expenditures on Purchase of

Furniture, Appliances and

Other Equipment in FY 2008

(In Pesos)

Expenditures on Purchase of

Furniture, Appliances and

Other Equipment in FY 2013

(In Pesos)

0 86.2 79.6 91.6 0 75.1 70.7 75.8 77.2

1-5,000 7.5 10.9 4.8 1-5,000 20.1 20.9 20.0 18.0

10,001-15,000 1.5 2.1 0.9 10,001-15,000 1.0 2.2 0.8 0.9

15,001-20,000 0.7 1.1 0.4 15,001-20,000 0.7 1.3 0.6 0.9

20,001 and up 1.4 2.0 0.9 20,001 and up 1.2 1.4 1.1 1.2


Average 9,435.5 9,756.8 8,799.3 Average 5,455.6 6,488.5 5,253.3 5,337.4

Median 5,000.0 5,000.0 4,100.0 Median 1,500.0 4,000.0 1,500.0 1,200.0

Expenditures on House

Repairs and Maintenance in FY

2008

(In Pesos)

Expenditures on House

Repairs and Maintenance in FY

2013

(In Pesos)

0 87.6 85.1 89.7 0 77.9 76.1 78.1 79.9

1-5,000 6.2 7.7 5.0 1-5,000 14.4 15.8 14.1 11.9

5,001-10,000 1.8 2.2 1.5 5,001-10,000 2.8 3.2 2.7 3.0

10,001-20,000 1.6 1.9 1.3 10,001-20,000 2.0 2.0 2.0 2.4

30,001-50,000 0.8 0.7 0.9 30,001-50,000 0.8 0.8 0.8 0.9

50,001-100,000 0.7 0.8 0.5 50,001-100,000 0.7 0.9 0.7 0.6

100,001 and up 0.5 0.8 0.3 100,001 and up 0.6 0.6 0.6 0.6


Average 28,330.7 29,589.1 26,839.3 Average 18,426.8 15,362.4 18,969.4 23,373.9

Median 5,000.0 5,000.0 6,000.0 Median 3,000.0 3,000.0 3,000.0 4,000.0

Expenditures on Household

Help Services in FY 2008

(In Pesos)

Expenditures on Household

Help Services in FY 2013

(In Pesos)

0 92.8 90.3 94.8 0 96.3 95.3 96.5 96.6

1-5,000 2.0 2.4 1.7 1-5,000 1.3 1.5 1.3 1.6

5,001-10,000 0.8 1.0 0.7 5,001-10,000 0.4 0.3 0.5 0.4

20,001-30,000 1.9 2.7 1.3 20,001-30,000 0.5 0.5 0.5 0.3

30,001-50,000 0.9 1.6 0.3 30,001-50,000 0.5 1.4 0.4 0.3

50,001 and up 0.4 0.7 0.2 50,001 and up 0.3 0.6 0.2 0.2


Average 22,199.0 23,189.7 20,703.7 Average 25,152.1 32,746.4 23,494.7 20,510.1

Median 18,000.0 24,000.0 12,000.0 Median 12,000.0 24,000.0 12,000.0 6,000.0

In Percent

In Percent


In Percent

In Percent

2009 2014


Proportion of Respondent

Households that Spent on

Other Expenditure Items in FY

2008

(In Pesos)

Proportion of Respondent

Households that Spent on

Other Expenditure Items in FY

2013

(In Pesos)


occasion92.3 87.9 94.9


occasion93.0 95.1 92.6 89.6

Laundry shop services 1.0 1.6 0.7 Laundry shop services 1.6 3.0 1.4 2.7

Real estate taxes 9.7 11.2 8.9 Real estate taxes 6.6 8.6 6.2 11.3

Others 2.5 4.8 1.2 Others 5.7 0.2 6.6 4.6

Expenditures for Celebrating

Special Occasion in FY 2008

(In Pesos)

Expenditures for Celebrating

Special Occasion in FY 2013

(In Pesos)

0 7.7 12.1 5.1 1-1,000 37.5 32.7 38.3 36.2

1-1,000 35.2 17.7 45.4 1,001-3,000 35.4 34.0 35.6 38.3

1,001-3,000 27.8 29.8 26.6 3,001-5,000 13.0 17.1 12.3 13.8

3,001-5,000 13.0 16.3 11.1 5,001-10,000 9.0 10.1 8.8 7.7

5,001-10,000 10.1 14.5 7.5 10,001-20,000 3.5 4.6 3.3 2.6

10,001-20,000 4.1 6.2 3.0 20,001-30,000 0.7 1.1 0.7 0.5

20,001-30,000 1.3 1.9 1.0 30,001-40,000 0.2 0.3 0.2 0.2

30,001-40,000 0.1 0.1 0.2 40,001-50,000 0.4 0.2 0.4 0.5

40,001-50,000 0.4 1.0 0.1 50,001-60,000 0.1 - 0.2 0.0

50,001-60,000 0.0 0.1 0.0 60,001-70,000 - - - 0.0

60,001-70,000 0.1 0.2 - 70,001 and up 0.2 - 0.2 0.1

70,001-80,000 0.1 0.2 - No response 0.0 - 0.0 0.0

Average 4,044.4 5,859.8 3,075.0 Average 3,731.6 3,913.4 3,702.0 3,423.0

Median 2,000.0 3,000.0 1,500.0 Median 2,000.0 2,000.0 2,000.0 2,000.0

Amount Spent for Gifts in FY

2008

(In Pesos)

Amount Spent for Gifts in

FY 2013

(In Pesos)

0 74.5 64.0 80.6 0 63.3 61.2 63.9 73.0

1-1,000 15.7 18.8 13.8 1-1,000 13.7 13.8 13.6 13.5

1,001-2,000 4.3 7.6 2.4 1,001-2,000 16.3 18.4 15.7 8.5

2,001-5,000 3.6 5.9 2.3 2,001-5,000 3.5 4.7 3.2 1.5

5,001 and up 1.9 3.7 1.0 5,001 and up 6.7 6.6 6.8 5.1

Average 2,661.7 2,842.1 2,469.2 Average 2,661.7 2,842.1 2,469.2 2,150.6

Median 1,000.0 1,000.0 500.0 Median 1,000.0 1,000.0 500.0 1,000.0

Amount Spent for Other

Expenditures in FY 2008

(In Pesos)

Amount Spent for Other

Expenditures in in FY 2013

(In Pesos)

0 97.5 95.2 98.8 1-5,000 74.5 100.0 74.5 54.7

1-5,000 0.9 1.6 0.5 5,001-10,000 12.0 - 12.0 15.4

5,001 and up 1.6 3.1 0.8 10,001-15,000 4.9 - 4.9 8.7

15,001-20,000 1.9 - 1.9 5.3

20,001-30,000 3.1 - 3.1 2.6

30,001-40,000 0.8 - 0.8 5.3

40,001-50,000 0.8 - 0.8 0.0

50,001-75,000 0.7 - 0.7 3.2

75,001-100,000 1.7 - 1.7 4.9

100,001 and up 1.4 - 1.4 0.0

Average 29,258.6 31,475.9 24,223.5 Average 9,927.5 3,000.0 9,953.1 14,343.0

Median 12,000.0 18,000.0 7,200.0 Median 3,000.0 3,000.0 3,000.0 5,000.0

Total Expenditures in 2008

Relative to Total Income in

2008

Total Expenditures in 2013

Relative to Total Income in

2013

Less than their income 4.6 5.5 3.9 Less than their income 6.0 6.0 6.1 6.3

More than their income 43.8 45.7 42.3 More than their income 33.0 28.2 33.8 34.4

Same as their income 51.5 48.8 53.8 Same as their income 61.0 65.8 60.2 59.3

Amount of Unspent Income in

FY 2008

(In Pesos)


FY 2013

(In Pesos)

1-5,000 2.0 1.7 2.2 5,001-50,000 15.3 26.9 13.5 15.1

5,001-50,000 1.9 2.3 1.5 50,001 and up 5.3 8.9 4.7 5.9

50,001 and up 0.8 1.4 0.3 No response 34.4 27.2 35.6 46.4

No response 3.4 3.0 3.5 4.7

Average 29,102.0 40,241.0 16,421.0 Average 20,695.6 40,149.7 17,204.6 21,754.2

Median 10,000.0 10,000.0 5,000.0 Median 2,000.0 5,000.0 2,000.0 3,000.0

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

2009 2014



FY 2013

(In Pesos)


FY 2013

(In Pesos)

1-1000 17.6 8.1 28.5 1-1000 24.5 16.4 25.8 20.6

1001-2000 7.5 6.4 8.7 1001-2000 9.9 7.8 10.3 5.1

2001- 3000 4.0 3.6 4.4 2001- 3000 4.4 2.0 4.8 3.5

3001-4000 2.1 3.2 0.8 3001-4000 1.2 2.9 0.9 0.5

4001-5000 11.5 9.9 13.4 4001-5000 5.0 7.9 4.5 2.8

5001-10000 15.4 19.4 10.8 5001-10000 6.6 14.8 5.3 6.4

10001-20000 11.6 9.9 13.6 10001-20000 4.0 5.6 3.7 2.5

20001-30000 6.1 4.7 7.8 20001-30000 1.7 1.0 1.8 1.3

30001-40000 1.8 2.1 1.5 30001-40000 0.8 - 1.0 0.0

40001-50000 5.6 6.8 4.1 40001-50000 2.2 5.6 1.7 4.9

50001 and up 16.9 26.0 6.6 50001 and up 5.3 8.9 4.7 5.9

No response 34.4 27.2 35.6 46.4

Average 29,102.0 40,241.0 16,421.0 Average 20,695.6 40,149.7 17,204.6 21,754

Median 10,000.0 10,000.0 5,000.0 Median 2,000.0 5,000.0 2,000.0 3,000

Amount of Money Kept for

Emergency Purposes

(In Pesos)

Amount of Money Kept for

Emergency Purposes

(In Pesos)

0 38.2 31.7 43.5 0 46.7 44.6 47.1 42.7

1-500 27.5 20.9 32.9 1-500 24.5 26.5 24.2 20.2

501-1,000 11.3 13.9 9.2 501-1,000 10.1 10.5 10.0 10.2

1,001-2,000 7.8 10.6 5.5 1,001-2,000 6.3 5.8 6.4 8.2

2,001-5,000 9.8 14.0 6.4 2,001-5,000 6.9 6.4 7.0 11.3

5,001-10,000 2.8 4.9 1.2 5,001-10,000 2.3 3.0 2.2 2.9

10,001 and up 2.5 4.1 1.2 10,001 and up 2.2 2.8 2.1 2.3

Others, not specified 0.0 - 0.1 No response 1.0 0.5 1.1 2.2

Average 1,681.0 2,772.0 804.0 Average 3,964.5 6,368.5 3,552.3 3,358.0

Median 200.0 500.0 100.0 Median 1,000.0 1,000.0 1,000.0 1,000.0

In Percent


In Percent

2009 2014


Where Respondents Would

Put Their Surplus Money

Where Respondents Would

Put Their Surplus Money

Deposit/ Save in Bank 39.4 51.8 29.4 Deposit / Save in Bank 43.3 60.5 40.5 32.9

Save and keep at home for

emergency38.8 31.8 44.5

Keep in piggy bank / for

emergency 38.0 25.2 40.146.1

Put up/ Invest in business/ Buy

goods for sale25.4 27.8 23.5

Renovate / House

improvements14.4 8.4 15.4 12.6

House

renovation/improvements16.2 13.0 18.9

For tuition 14.2 10.7 14.810.2

For tuition 14.8 14.7 14.9 Put up / Invest in business /

Buy goods for sale / inventory 14.0 13.4 14.1

7.7

Pay debt 14.1 9.9 17.4 Education Plan 10.0 5.3 10.8 5.1

Help parents/relatives 11.3 14.2 9.0 Pay debt 8.1 15.4 6.9 5.2

Buy Land 10.0 6.5 12.8 Buy Land 7.9 8.2 7.9 4.8

Buy house/condo 8.1 11.6 5.2 Help parents / relatives 7.2 8.3 7.1 3.9

Give to charity/church 7.1 9.7 5.0 Buy house / condo 6.3 12.9 5.3 2.9

Shopping 6.8 7.0 6.7 Give to charity / church 4.8 3.8 4.9 1.3

Educational Plan 6.5 8.3 5.1 Life insurance / Pension Plan 4.4 3.2 4.6

1.6

Investment 4.2 6.3 2.5 Shopping 3.9 3.7 3.7 5.5

Vacation travel-local/abroad 3.6 4.5 2.9 Investment (Stocks, Mutual

Funds, UITFS) 3.1 3.9 3.02.2

Life insurance/ Pension Plan 3.4 2.8 4.0 Buy car / appliances 2.6 3.2 2.5 0.9

Buy car/ appliances 3.2 2.9 3.4 Vacation travel – local /

abroad1.3 1.3 1.3 0.4

Others 6.4 5.8 6.9 Others 6.0 2.5 6.5 1.0

Respondent's Preference If

Given a Choice to Risk Current

Profits to Earn Double

Repondent's Preference If

Given a Choice to

Permanently Earn P2,500 per

week or Start a New Business

Wherein You Can Earn from

P1000-P4000 per week.

Stick to current level of profits

for life of Php 1,50072.5 73.9 71.3

Stick to business with

permanent income of P2,50065.6 72.0 64.6 57.6

Sell a new product with 75%

chance for profit to go down

to P 1,000 and 25% chance

that it will increase to P2,000

27.5 26.1 28.7

Choose new business which

may earn from P1,000 up to

P4,000 per week

34.4 28.0 35.4 42.4

Respondent's Preference If

Given a Choice to Risk Current

Profits to Earn Triple

Stick with the current level of

profits for life of P1,50070.1 72.8 68.0

Sell new products you have an

equal chance to get a profit of

P4,500 or suffer a loss of

P1,500

29.9 27.2 32.0

Respondent's Preference

Given a Choice to Receive

Cash Prize of P5000 Now or

Wait a Month to Get 5%

More

P5,000 today 73.1 74.1 72.3

P5,250 after a month 26.9 25.9 27.7

Respondent's Preference

Given a Choice to Receive a

Cash Prize of P10000 Now or

Wait a Month to Get 5%

More

Repondent's Preference If

Given a Choice to Receive a

Raffle Cash Prize of P10,000.

Now or Wait a Month to Get

P10,500.

P10,000 today 71.2 71.6 71.0 Get P 10,000 immediately 72.0 76.7 71.3 68.60

P10,500 after a month 28.8 28.4 29.0 Get P10,500 after a month 28.0 23.3 28.7 31.40

In Percent

In Percent

In Percent



In Percent

D. Preferences and Behaviours

2009 2014

Philippines NCR Reg 1-7-11Number of

sample sizecompleted Response rate

Number of Sample Households 10,520 3,872 6,648 NCR - National Capital Region 1,962 1,565 79.8

Region 1 2,065 CAR - Cordillera Administrative Region 819 791 96.6

Region 7 2,637 REGION I (Ilocos Region) 1,033 863 83.5

Region 11 1,946 REGION II (Cagayan Valley) 988 929 94.0

Number of Respondent Households 9,402 3,112 6,290 REGION III (Central Luzon) 1,547 1,404 90.8

Region 1 1,971 REGION IV-A (CALABARZON) 1,994 1,662 83.4

Region 7 2,499 REGION IV-B (MIMAROPA) 720 699 97.1

Region 11 1,820 REGION V (Bicol Region) 1,146 1,034 90.2

Response Rate (%) 89.4 80.4 94.6 REGION VI (Western Visayas) 1,375 1,180 85.8

Region 1 95.5 REGION VII (Central Visayas) 1,277 1,043 81.7

Region 7 94.8 REGION VIII (Eastern Visayas) 596 576 96.6

Region 11 93.5 REGION IX (Zamboanga Peninsula) 824 668 81.1

REGION X (Northern Mindanao) 857 755 88.1

REGION XI (Davao Region) 1,024 818 79.9

REGION XII (Soccsksargen) 1,006 808 80.3

REGION XIII (Caraga) 832 708 85.1

TOTAL 18,000 15,506 86.1

2009 2014


Sex Sex

Male 40.2 35.2 44.2 Male 37.5 29.0 38.9 39.76

Female 59.8 64.8 55.8 Female 62.5 71.0 61.1 60.24

Age Group Age Group

15-20 0.6 0.6 0.6 15-20 0.8 0.9 0.8 0.4

21-34 17.3 19.7 15.4 21-34 15.1 15.5 15.0 14.2

35-49 38.6 39.6 37.8 35-49 37.0 38.7 36.7 34.6

50-54 12.2 12.2 12.2 50-54 12.2 11.8 12.2 12.8

55-59 9.7 9.0 10.4 55-59 10.7 9.9 10.9 11.3

60-64 7.9 7.3 8.3 60-64 9.6 12.5 9.2 9.6

65 and over 13.7 11.6 15.4 65 and over 14.6 10.7 15.2 17.1

Average 48.1 46.8 49.1 Average 49.2 48.2 49.3 50.2

Median 47.0 46.0 48.0 Median 48.0 47.0 48.0 50.0

Civil Status Civil Status

Single 7.0 8.3 6.0 Single 6.1 7.3 5.9 6.1

Married 69.1 64.4 72.9 Married 72.3 69.0 72.8 72.6

Widowed 14.1 13.8 14.4 Widowed 14.1 13.1 14.2 14.7

Divorced/Separated 4.0 5.3 2.9 Divorse/Separated 3.6 5.5 3.3 2.4

With Partner 5.8 8.2 3.9 With Partner 3.9 5.2 3.7 4.2

Highest Educational

Attainment

Highest Educational

Attainment

No grade 0.2 0.1 0.3 Pre-school 0.4 0.1 0.5 0.7

Nursery/Kinder 0.2 0.1 0.4 Some Elementary 14.6 4.1 16.3 16.9

Grade 1-3 5.6 2.2 8.3 Elementary 19.6 9.0 21.3 21.7

Grade 4-6 10.5 5.0 15.1 Some High School 15.3 14.3 15.5 14.0

Elementary Graduate 13.6 9.2 17.3 High School 25.6 34.6 24.1 24.1

1st-3rd Year High School 14.6 14.0 15.1 Vocational / Technical (i.e.

TESDA)3.8 4.8 3.7 3.4

High School Graduate 26.0 31.7 21.3 Some College 10.2 19.6 8.6 9.4



Education Undergraduate

1.1 1.4 0.7 College 9.8 12.6 9.3 8.5



Education Graduate

2.9 3.9 2.0 Some Post-graduate 0.4 0.5 0.3 0.6

1st yr-4th Year College 11.6 15.2 8.7 Post-graduate 0.4 0.5 0.4 0.5

College Graduate 13.0 16.4 10.2

Post Grad Degree units

earned/enrolled0.3 0.3 0.3

Post Grad Degree Earned 0.4 0.4 0.4

E. Respondents' Profile

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

In Percent

consumer finance survey - bangko sentral ng pilipinas · consumer finance survey 2014 a survey...

Documents