P14K monthly income for Cebuano family
‘The poverty methodology should have been updated to cover up to 2021, but the technical committee of the PSA has not developed a new methodology. That is why we are still using the methodology since 2021.’
‘The poverty methodology should have been updated to cover up to 2021, but the technical committee of the PSA has not developed a new methodology. That is why we are still using the methodology since 2021.’
For a family of five in Cebu, the monthly income needed to meet the basic needs was pegged at least P14,835 says the Philippine Statistics Authority- Cebu Province.
PSA-Cebu presented the data on 17 December during the press conference on the 2023 Full-Year Official Poverty Statistics for Cebu Province, including three Highly Urbanized Cities (HUC) of Mandaue, Cebu and Lapu-Lapu.
The P14,835 monthly income will avoid being classified as poor.
This poverty threshold is the minimum income needed to cover essential food and non-food needs such as shelter, education, and healthcare. According to PSA, families earning below the threshold are considered poor.
PSA Central Visayas Chief Statistical Specialist Leopoldo Alfanta admitted though that the poverty threshold is calculated using an outdated methodology based on 2003 food pricing data.
“The poverty methodology should have been updated to cover up to 2021, but the technical committee of the PSA has not developed a new methodology. That is why we are still using the methodology since 2021,” Alfanta disclosed.
He, however added that a new methodology is expected to be in place by 2025 that may better reflect the current economic realities and the actual cost of living.
Cebu’s poverty threshold has consistently increased over the last five years due to inflation and rising living costs. In 2018, a family of five needed P10,798 per month, then it rose to P14,024 in 2021 and P14,835 in 2023.
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