Philippines: financial contingency plan towards pandemic by segment 2021

According to a survey about the financial preparations consumers in the Philippines anticipate making in response to the pandemic in 2021, majority of the respondents identified as most impacted and less impacted by the pandemic stated that they planned on saving more. Drafting a will was the least popular financial contingency plan in both segments.

Financial preparations consumers in the Philippines anticipate making in response to the pandemic as of August 2021, by segment

Characteristic	Most impacted	Less impacted
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Release date

December 2021

More information

Region

Philippines

Survey time period

May and August 2021

Supplementary notes

The survey was conducted among consumers in the various countries including the Philippines. No information on the number of survey participants or the type of survey was provided by the source.

The respondents were classified into two segments: most impact and less impacted. According to the source, the most impacted segment in the country is typically younger (or those under 44 years old), with an annual household income of over 249 thousand Philippine pesos and with less than 120 thousand Philippine pesos in investible assets. They are also more likely to hold occupations where it is less feasible to work remotely.

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