'Rising living costs erode Pinoys' financial stability'
Source: Philstar.com
Published on: 2026-06-12 16:34
MANILA, Philippines -- Soaring living costs force more Filipinos into short-term coping strategies, from cutting essential spending to pausing retirement contributions, to survive immediate pressures at the expense of long-term financial stability, according to Sun Life Philippines. In Sun Life's Financial Resilience Index 2026, the proportion of "high" resilient consumers has sharply declined to 19 percent from 33 percent last year, pivoting to more vulnerable financial positions. Meanwhile, the "moderate" resilience group increased to 64 percent from 56 percent. Classified highly resilient consumers feel that they are financially well-secured, planning more than five years ahead, are well prepared to cope with financial emergencies, have good self-perceived literacy around personal finances and maintain high confidence in meeting long-term financial goals. Sun Life Philippines coun...
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