Socioeconomic Classifications According to NEDA

[jut703]

Stumbled upon this interesting infographic outlining how NEDA classifies people into A-B-C-D-E. Turns out it's not just your household income (otherwise a lot of people will be AB).



It's a rather subjective classification with some weird quirks such as:

- If you're not from the top universities, you can't be AB
- If your car is more than 5 yrs old, you can't be AB

According to the NEDA survey, among Filipinos aged 15-50 in 2015:

-Around 0.6% were class AB;
-Around 5% were class “Upper C”;
-Around 17% were class “Broad C”;
-Around 48% were class D;
-Around 29% were class E.

Around .6% of Filipinos aged 18-53 are considered Class AB – Asintunado

Turns out even market research firms like Nielsen, SWS, and Pulse Asia use similar definitions.

Sent from my SM-G935F using Tapatalk

[uls]

Cathy

Diba may kinukwento ka pinapanood mo sa YouTube

Isang jologs couple living in a poor neighborhood na bumili ng brand new hilux

Where do you classify them?

[chronicle]

What is the prize if you are class AB? Bragging rights? Red carpet treatment?

Seems like the qualification for AB is tailored fit for certain few. Or am i missing something?

Sent from my BLL-L22 using Tapatalk

[kabute13]

hmmm... a good topic for discussion. [emoji4]


Sent from my iPhone using Tapatalk

[StockEngine]

Goals [emoji848]

Sent from my SM-G935F using Tapatalk

[_Cathy_]

Cathy

Diba may kinukwento ka pinapanood mo sa YouTube

Isang jologs couple living in a poor neighborhood na bumili ng brand new hilux

Where do you classify them?

Yup. They live in Pasay where the streets are so narrow, you can't even fit a car. It's just for people to walk.

The wife became an online seller and when they were earning good already, they moved to an apartment (still in Pasay) where there is parking for their hilux. Based on the table they are Upper C (bagsak sa location and education) but the rest AB sila, Personally, I think they moved from poor to lower middle class.

Hindi strict yung table. May nag post dito ang tindi ng requirements to be considered AB, parang 1% lang siguro papasa lol. You need cash ata equivalent or close to the value of your assets. I can't remember exactly.

[uls]

Yup. They live in Pasay where the streets are so narrow, you can't even fit a car. It's just for people to walk.

The wife became an online seller and when they were earning good already, they moved to an apartment (still in Pasay) where there is parking for their hilux. Based on the table they are Upper C (bagsak sa location and education) but the rest AB sila, Personally, I think they moved from poor to lower middle class.

Hindi strict yung table. May nag post dito ang tindi ng requirements to be considered AB, parang 1% lang siguro papasa lol. You need cash ata equivalent or close to the value of your assets. I can't remember exactly.

Yeah hindi strict ung table

And may generalizations like poor low education rich well educated

Madami naman rich na di mataas ang pinagaralan pero magaling sa business

While madami educated middle class lang

[uls]

Citing the jologs couple

Sablay ung table ng neda

Not everyone with new or late model cars are rich

With easy to avail car loans anyone with an income stream can buy a car

[minicarph]

sablay talaga, imagine mo ilan weeks kaya ginawa ng NEDA yan table na yan, wala naman silbe yun info. ilan days ng sweldo ng tax natin yan

pano nangyari class A yun kumikita ng P100K, eh yan na nga ang middle manager eh. 1990s pa ata yan

[StockEngine]

c d e

baket meron jeep clause

Sent from my SM-G935F using Tapatalk

[Vodka]

disqualified nako sa "A". i gave away my nintendo (family computer), VCD player, and stereo CD wala din ako floor polisher

[stayhungry]

Natawa ako sa "he may be a provincial town official" for upper C

[emoji23][emoji23][emoji23]


------------------------------------------
Stay hungry. Stay humble.

[jut703]

Maraming generalizations and mukhang antiquated na (100k income? VCD player?) yung table, but from what I understand, these aren't hard and fast rules but merely guidelines. Yung interviewer/surveyor pa rin yung may final assessment of one's socioeconomic status.

Particularly tricky yung mga low-key na simpleng bahay lang and lumang kotse but yung cash sa banko kayang bumili ng bahay sa Corinthians, or yung nakalatest gadgets and kotse pero nakatira sa eskinita and walang ipon.

Although if you think about it, kaya siya socio-economic and not just economic status - it factors in other aspects like your lifestyle and education. Prime example, 2 people earning say 500k a month. Yung isa, middle manager sa isang multinational, nagaaral mga anak sa exclusive schools, nakatira sa medyo high end village, may mga current gen SUV.

The other guy, though has the same income, either OFW or mayari ng maliit na hardware, nakatira sa downtown lang, yung mga anak nakatira lang sa malapit, pero naka-SUV din naman.

Same economic standing more or less, but lifestyle is very different. The socioeconomic factors matter in this case because you can't assume that the first guy will have the same preferences (political, cultural, fashion, etc) as the second just because they make the same amount of money.

The whole concept of socioeconomic classification is taken with the context of market surveys, so the stratifications are there to correlate the results of the survey with different socioeconomic strata.

Sent from my SM-G935F using Tapatalk

[yebo]

sans floor polisher and landline that table classifies.me as AB. and i disagree. income is too low. pag A dapat minimum 5M monthly and B minimum 2M monthly. rich must be, uhm, rich. period. 100k monthly income pwede pa 10 years ago siguro pero 2018 definitely hindi na. pagpasweldo mo ng maid at bayad ng bills lagas na kalahati nyang 100k.

[jut703]

sans floor polisher and landline that table classifies.me as AB. and i disagree. income is too low. pag A dapat minimum 5M monthly and B minimum 2M monthly. rich must be, uhm, rich. period. 100k monthly income pwede pa 10 ears ago siguro pero 2018 definitely hindi na. pagpasweldo mo ng maid at bayad ng bills lagas na kalahati nyang 100k.

Yung income mo naman (pinost mo na before dito so medyo public domain na), talagang pang AB na. Maliit and outdated yung 100k/individual but hindi naman 2M/month.

1% is still 1 million people and hindi naman aabot sa 1M na pilipino ang kumikita ng 2M monthly. Kahit nga sa US malaki pa rin ang $40k/monthly. If you earn more than $33k/month, top 1% ka na sa US.

Which Income Class Are You?

Sent from my SM-G935F using Tapatalk

[jut703]

A quick search shows that presently, the NSCB classifies households who earn more than 200k/month as already part of the rich. Suprisingly, only 0.1% of Filipino families fall into this bracket.

SWS on the other hand classifies households in class AB as having 1.8M/yr or 150k/month, and only 1% of Filipino families, or again about 1M individuals, are part of this bracket.



https://www.pinoymoneytalk.com/sec-a...ge-population/

The reason I think why many people from the AB segment think that they're not rich enough to be AB is because they're surrounded by people who are as rich or richer than them so they tend to feel "average". But think about it, there are 100M Filipinos and if you combine everyone living in AAV, LGV, Dasma, Forbes, etc - that's just a few thousand people. The top 0.1% still refers to 100,000 individuals or about 25,000 households.

But if you look outside your social circle, there are millions of families with lower incomes and poorer living conditions. Urban slums like Tondo and Bagong Silangan house millions of poor Filipinos. Many rural towns in the provinces have high concentrations of low-income families. We don't interact with these people often - but the reality is that they comprise the majority of the 100M Filipinos today.

Sent from my SM-G935F using Tapatalk

[StockEngine]

A quick search shows that presently, the NSCB classifies households who earn more than 200k/month as already part of the rich. Suprisingly, only 0.1% of Filipino families fall into this bracket.

SWS on the other hand classifies households in class AB as having 1.8M/yr or 150k/month, and only 1% of Filipino families, or again about 1M individuals, are part of this bracket.



https://www.pinoymoneytalk.com/sec-a...ge-population/

The reason I think why many people from the AB segment think that they're not rich enough to be AB is because they're surrounded by people who are as rich or richer than them so they tend to feel "average". But think about it, there are 100M Filipinos and if you combine everyone living in AAV, LGV, Dasma, Forbes, etc - that's just a few thousand people. The top 0.1% still refers to 100,000 individuals or about 25,000 households.

But if you look outside your social circle, there are millions of families with lower incomes and poorer living conditions. Urban slums like Tondo and Bagong Silangan house millions of poor Filipinos. Many rural towns in the provinces have high concentrations of low-income families. We don't interact with these people often - but the reality is that they comprise the majority of the 100M Filipinos today.

Sent from my SM-G935F using Tapatalk

I think ppv/pickup owners easily do 2M a year. If counting ppv sales the past 5 years and multiply that by a factor of 5 (ownership length), thats how many this class is. and its the fastest growing class. which class do they fall in? i dont know.



Sent from my SM-G935F using Tapatalk

[jut703]

I think ppv/pickup owners easily do 2M a year. If counting ppv sales the past 5 years and multiply that by a factor of 5 (ownership length), thats how many this class is. and its the fastest growing class. which class do they fall in? i dont know.



Sent from my SM-G935F using Tapatalk

30k/month lang naman hulog sa PPV. Many people are neck-deep in their car loan payments, hindi naman lahat mayaman. And even if we indulge that hypothesis - looking at the 2017 numbers and the average of 20-30% car sales growth, it's safe to assume around 500,000 PPVs/pickups were sold in the past 5 years. So following your assumptions, that's just 0.5% of the total Filipino population.

Nandiyan na yung data bro. Both private and government institutions spend millions of pesos on market research to get their numbers right.

Sent from my SM-G935F using Tapatalk

[uls]

i think what separates the really rich from everyone else isn't just income

it's access

the really rich have advisors who guide them thru complex laws and exemptions from laws and taxes

their advisors also help hide wealth

for example using shell companies to hide assets

for me that's the 0.1% of the world

that kind of access isn't available to the 99.9%

[_Cathy_]

c d e

baket meron jeep clause

Sent from my SM-G935F using Tapatalk

owner jeep?

I still can't believe how many are considered AB My friends and family complain all the time about not having enough.