Filipinos ‘thriftier’ in 2014 – Nielsen

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Filipinos ‘thriftier’ in 2014 – Nielsen

Filipinos have long had a dismal savings rate, largely because most households are struggling to make ends meet, but that may be changing, according to global survey group, Nielsen. 2014 saw a sustained growth rate for the Philippines, and the trickle-down effect may be kicking in: Filipinos are saving more for the future, says Nielsen, for longer term goals like buying a house, starting a business or saving for their children.

Three top concerns for the first half of 2015 are health, job security and work-life balance.

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