nasa11 gaming Majority of Filipinos find ways to boost income – survey

  • Home
  • CODVIP
  • 888Sport Canada
  • 888casino app
  • 888 game
  • POSITION:CODVIP|888Sport Canada|888casino app|888 game > 888casino app > nasa11 gaming Majority of Filipinos find ways to boost income – survey

    nasa11 gaming Majority of Filipinos find ways to boost income – survey

    Updated:2024-10-22 11:56    Views:111

    Majority of Filipinos find ways to boost income – survey

    FILE PHOTO: A Filipino woman checks a job placement agency’s announcement in Manila for cook and factory workers in Taiwan in this undated image. – According to a survey conducted by market research firm Kantar, he majority of Filipinos are juggling multiple jobs to boost their income sources—and still, they are cutting expenses by making their grocery shopping list shorter to make ends meet. Agence France-Presse/Rome Gacad

    The majority of Filipinos are juggling multiple jobs to boost their income sources—and still, they are cutting expenses by making their grocery shopping list shorter to make ends meet, according to a survey conducted by market research firm Kantar.

    Kantar, in its study, noted that seven out of 10 Filipinos were managing their family’s finances by looking for another job or starting a business to increase income.

    Article continues after this advertisement

    “We’ve observed that this behavior has resulted [in] ‘hustle culture’ among Filipinos, as they try to earn more but at the expense of time for chores, personal interests, and other activities,” said Laurice Obama, consumer and shopper insight director at Kantar Philippines.

    FEATURED STORIES BUSINESS National ID gives more Filipinos ‘face value BUSINESS BIZ BUZZ: Unwinding Gogoro … quietly BUSINESS Polvoron maker seeks P500 million capital for expansion

    Meanwhile, 19 percent of the surveyed households said they were “struggling to keep afloat” because of retrenchment or fewer working hours that reduce their take-home pay.

    Some eight percent, on the other hand, said they were comfortable with their current economic situation.

    Article continues after this advertisement

    When it comes to grocery shopping, the respondents have registered a 5-percent growth in terms of basket purchase.

    Article continues after this advertisement

    READ: PH’s middle class dream by 2040: Is it achievable?

    Article continues after this advertisement

    The Filipino consumers, according to the study, usually buy soft drinks, coffee, water, milk, instant noodles, biscuits, and crackers when they visit the grocery stores.

    But those struggling with finances have remained “mindful” of their purchases.

    Article continues after this advertisement

    “In their buying decision, [the study shows] that those who are managing are stretching their funds to get more value for their money,” Kantar said.

    These cash-strapped consumers are not only looking for discounts but also trimming their grocery expenses.

    “This group does grocery shopping less often and are buying even less than what they intended to when they visit stores,” the study noted.

    READ: Gov’t poverty metrics: You’re not poor if you spend P21 per meal

    Data from Philippine Statistics Authority showed that household spending growth decelerated to 4.6 percent in the second quarter from 5.5 percent a year ago as consumers spent less on clothing and footwear. The primary contributors on the consumption were transportation, housing, water, electricity, and gas, among others.

    Kantar, however, said there is glimmer of hope as 41 percent of the respondents believe their situation will get better.

    About 52 percent of the surveyed Filipinos expect status quo in the next 12 months while seven percent projects a worse situation moving forward.

    Your subscription could not be saved. Please try again. Your subscription has been successful.

    Subscribe to our daily newsletter

    SIGN ME UP

    By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

    The study surveyed 2nasa11 gaming,000 households in the Philippines from February to April 2024.

    READ NEXT Wholesale, retail price slower in August 2024 Building connections for life in Midtown, a Prime Development ... EDITORS' PICK Sandro Marcos calls out VP Sara Duterte: ‘You crossed the line’ NBA: Nuggets give Aaron Gordon 4-year, $133M extension LIVE UPDATES: Tropical Storm Kristine Marcos smiled, walked away when asked about VP Duterte’s accusation DILG identifies 38 hotspots ahead of 2025 polls Marcos: PCG 'never alone' in mission to protect PH MOST READ SC issues TRO vs Comelec resolution on dismissed public officials Tropical Storm Kristine slightly intensifies; Signal No. 2 in 5 areas LIVE UPDATES: Tropical Storm Kristine Espenido retracts drug-related allegations vs De Lima View comments

    TOP