Nearly four in every five Filipinos (79 percent) anticipate their income to grow over the next year, but rising bill and loan payment expectations (49
About 64 percent of Filipinos see credit as important in achieving financial goals, but one-quarter report insufficient access to credit products, highlighting opportunities for lenders to meet evolving demand.Nearly four in every five Filipinos anticipate their income to grow over the next year, but rising bill and loan payment expectations suggest that many households anticipate further financial strain in the coming months.
Most consumers viewed inflation for everyday goods as the most pressing concern affecting their household finances in the next six months, followed by worries over job security and interest rates . “These behaviors reflect a tendency to prioritize immediate financial flexibility over long-term security as households attempt to bridge short-term financial needs in a high-cost environment. This might elevate default risks in certain debt categories which lenders should be cautious of. Additionally, these financial behaviors highlight the need for further credit education among a population where most consumers are relatively new to credit,” said Sun.
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