Posts tagged ‘wealth gap’

Are You Richer Than the Average Filipino?

Updated: January 18, 2020 | In Focus, Personal Finance | 2 Comments

According to Credit Suisse’s Global Wealth Databook 2016, a Filipino adult has an average net worth of $9,878 in 2016. Using 1 USD = PHP 50 as exchange rate, that converts to a net worth of P493,900. This means that if you own a car or a real estate property, then you’re most probably richer […]

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The Difference Between the Rich, the Middle Class, and the Poor Is Not Simply The Money

Updated: April 12, 2020 | Mindsetting | 39 Comments

Society is basically made up of the rich, the middle class, and the poor. And between these groups, the most obvious difference is the amount of money they have. Personally, I believe that the real gap between the rich and the poor is NOT simply their monthly income. To think that the only difference between […]

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