Own Your Home Instead Of Renting
Results of the latest Family Income Expenditure Survey (FIES) show that the average Filipino “middle class family” earns a monthly income of P36,934 or P443,208 per annum. On the other hand, the average annual expenditure of each family, at current prices, amounts to P176,000. Food expenditure eats up the biggest slice of the income pie followed by other equally important expense items, such as housing, furnishing, health and transportation, and communication.
Source: http://www.foreclosurephilippines.com/2013/09/bfs-own-your-home-instead-of-renting.html#ixzz2g49qssTx
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