Updated: July 19, 2012
I’ve been quite busy this week preparing for the upcoming Money Summit and Wealth Expo so allow me to just share with you today an infographic that the organizers of the event released weeks ago.
The infographic, as published below, shows some shocking facts about the financial state of Filipino households – and truly emphasizes the need for more wealth management and financial literacy education in the country.
While people in other countries are looking for the best refinance rates or comparing asset preservation and protection services, I can imagine most Filipinos doing neither – or at best, still on the early stages of learning about saving and investing.
In any case, I remain hopeful and optimistic for the future of our country – and I know that we will someday be able to move forward towards a more prosperous nation.
Note: The facts stated above are from the Consumer Finance Survey 2012 conducted by the Central Bank of the Philippines.