Amid the publics misunderstanding of NEDA Undersecretary Rosemarie Edillon's use of 10,000 pesos per month as an example to compute the average income of Filipino families' (not the average income, or required income as it was widely shared on social media), we are sharing the real picture of the actual income and expnditure of Filipino families based on the most recent Family income and Expenditure Survey (FIES), done in 2015. This This survey is done by the Philippine Statistics Authority every three years, shows us just how much Filipino families earn and spend across the country.
Average income is 22,000 per month
The survey results showed that the average annual family income of Filipino families was approximately 267 thousand pesos to make an average monthly income of 22,500 pesos . In comparison, the average annual family expenditure for the same year was 215 thousand pesos or 17,916 pesos per month. This give the Filipino family saving sof roughly 52,000 pesos per year. ( https://www.psa.gov.ph/content/average-family-income-2015-estimated-22-thousand-pesos-monthly-results-2015-family-income)
Disparity is glaring between Luzon and Mindanao, NCR residents earn almost 3 times as much as ARMM residents
Looking at the graph courtesy of agricultural blog Agrination, the very glaring fact is the wide disparity between Luzon and Mindanao.Generally, Luzon families earn and spend the most, while Mindanao's families earn and spend the least. The highest incomes and expditures belong to residents in the National Capital region, where families earn 425,000 pesos a year, or 35,416 per month and spend 349,000 pesos annually or spend 29,083 pesos per month, while the lowest incomes and expenditures are in the Autonomous Region of Muslim Mindanao, where average income is 139,000 pesos per year (11,583) and expenditure is 111,000 per year or a mere 9,250 pesos .
In the graph we can see that all Mindanao regions earned and spent below the national average. This represents a large gulf between NCR and ARMM, and a clear disparity between Luzon and Mindanao.
With this, NCR and CALABARZONs data skews the figures with their execptionally high income and expenditure when compared with the rest of the country, pointing to a gnawing inequality between these regions since the 1990s. Efforts to close this gap will depend on how well Build Build Build succeeds in creating the infrastructure renaissance and reformed incentive systems needed to make Mindanao more competitive to attract investments.