BSP: More Filipinos saving for the rainy day

With Filipinos saving and one of the reasons is for the purchase of real estate, this is a good sign that more Filipinos are thinking more of long term versus short term as compared to the past.

Excerpt:

The results of the BSP’s second-quarter consumer expectations survey (CES) showed that the percentage of households with savings rose to 35.8 percent during the April to June period compared with 34.9 percent in the first quarter.
“According to respondents, they save money for the following reasons: Emergencies, education, retirement, health and hospitalization, business capital and investment, and purchase of real estate,” the BSP said in a report.

Original Article and Credits:



BSP: More Filipinos saving for the rainy day



By:  - Reporter / @bendeveraINQ
 / 12:28 AM June 12, 2017


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