Are You RICH Or POOR in The Philippines - Where Do You Stand? 

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IMO it’s a real bad idea to tell anyone what your income or assets look like, You will attract the wrong kind of attention. If you bait your quarry with more sugar than you are willing to keep flowing you will soon find yourself alone and with fewer assets than you had before you started the foolish game.

👍 📧 excellent good information I would be considered upper middle-class close to the rich category I don’t judge women on their status of employment as long as she is a good hearted kind person with family values that’s why I’m interested in Filipino women western women have Lost those values

Based on services provided, I see attorneys are also overpaid in the Philippines 🤣😂

Money is nothing more than a tool doesn't make you anything it's how person acts with me I know ritch guys I wouldn't spit on because there such dicks and poor people who are the best people I ever met money good to have enough of but makes you nothing as a person to me and most women I've talk to feel the same way

It's a crying shame that things are so expensive in the USA. I've always thought I was middle class, now I see that I'm poor and can only be middle class if I live in the Philippines when I retire. 🤣

That highest paying job list is not accurate! I am filipino software engineer for a local company and earn 150,000 pesos a month. 😂. People working in globe telecom alone. A local company. their lowest office worker wage is 90,000 .

The first age gap relationship I was involved in, when my elderly neighbours met her, told me ... those people whos opinions matter to you wont mind your relationship as long as both are happy and legal... those people that mind your relationship are the people whos opinions dont matter to you. This is the best advice I have heard, not just for relationships but for life too.

Then I feel lucky because I bring in 4k a month between a pension and ssi, but once I do take the plunge and make it there establishing myself will be #1 and once I do meet someone, it won't matter what she makes, it will be how much peace she brings to my life

These type of streams are very enlightening... 10,000 pesos or somewhere around $200 didn't really have specific meaning to me in the Philippines until I learned many of my wife's relatives work full time jobs for 10,000 pesos per month...

Very interesting financial information and you detailed this very well Gio. My wife and I were surprised by these figures. AmFil couples we know personally here in the US the past 25 years is that upper income older guys with a good prenup with educated "good" Filipinas have generally better and lasting marriages. Generally speaking reliable good men with a somewhat educated "good" Filipina age gap under 15 years have a good chance of success here. Over the years we've seen about 40% of couples divorce. So there is real risk. The mans income, their age gap and Filipinas background are key indicators of success or failure.

bear in mind, the breakdowns for the income classifications you showed were for a family/household of *5*. For a household of one (expat), I would think the tiers would be a fair bit lower.

I’ll be honest, I wanted an actress or model when I first got to the PI. Didn’t even come close. lol But I tried. But I will also not complain at all

Well, I just did a conversion on my monthly pension and it's 462,794.43 pesos a month, I feel so rich now, it's 4 o'clock here in Arizona and I just got finished eating my Marie Callender's chicken pie and Walmart brand french cut string beans.

Without reading all the comments, I think we glazed over the statistic that the economic classes are based on a family of five (5) people. Most foreginers that come here are solo, maybe two people. Families do relocate, but are not the norm. So many foreigners, as a solo person would be able to live a life on a higher level than if they came here as a family of 5. So yes, a solo foreigner with a 2 - 2.5K USD monthly income will live more like the family of 5 who are in the Upper to Rich category. I do agree that most are dating down on the economic and society class scale.

statistically that's the breakdown of classes according to earnings but for most Filipinos the upper middle class is already considered rich for most. If you have a private car or a condo that you own. You are already considered Rich by the locals

The words "age is just a number" is a joke. It's all about money and get a better life. If guys think otherwise they fool themselves, the better educated and higher the income the less age gap. If the 60 year old guy is bf with a 20-30 year old woman and think it's love from her side is living on a illusion, would he when he was young date someone 30 years older than him, of course not. Personal I don't care what people do and how many years the age gap is if both is adult and agree on the relationship, but don't fool yourself and think it's love 😉

I'll be considered upper middle class being 100% disabled veteran and SSDI monthly pay

I was surprised to learn that in Europe the numbers are similar. And Europeans think it crazy how much money even a bus driver makes in the U.S. (e.g., here in San Francisco, California a MUNI bus driver on average makes about US $5,600 monthly (₱328,000).

There was some other channel that broke down the numbers for expats, how much net cash monthly does one need to live well, and very well in the Philippines, and how much monthly cash does it take to live in luxury. The numbers I remember, in US dollars (you can do the conversion): $2,500 net monthly = live comfortably. $3,500 net monthly = live very comfortably. $4,500+ net monthly = you are filthy rich and can live a luxurious life, the way you want, without any concerns or limitations (within reason, of course).

Is the chart at 4:53 those professions monthly GROSS income, that is, before income taxes and deductions? An accurate comparison of expat's monthly income to the numbers in that chart has to take into account the "gross/net" distinction because I assume when expats talk about how much money they have coming in each month, they are typically talking about social security, which isn't taxed. So to compare apples to apples, we would need to know if the surgeon's ₱82,400 is a gross or net number. Of course, my point assumes that Filipinos actually pay income taxes on the money they earn. (I'm too lazy to look it up.)

"Rich" is a word that means different things to different people. Why this is the case is because income is not the only factor determining "Rich". Wealth, including wealth accumulation throughout time is very important to determine being or becoming Rich. hypothetical examples: A fella who comes over here and pays in full for his home, and car(s), but yet brings in 100k pesos a month would most probably be considered rich by typical Philippine standards. On another note, a spendthrift, gambling fella who pulls in 230k. Literally throwing his money away on all manner of BS. Is in debt to his eyeballs, and owns practically nothing. imho, wouldnt be considered rich, even though he may look so on outwards appearances. Very high income, yes...but not rich. Rich = having a decent amount of accumulated free and clear wealth, with an decent income and low to no debt.

Why do people in theb Philippines feel embarrassed to be " poor". ( i have seen this in a few vidios) My self and i bet a few there, are from non rich backgrounds. In fact i have seen some vidios frome the Philippines that look a lot like some old famly photos from how we say " back on the mountain" ( WVA / VA ) heck..... i know how a cool breeze blowing up my back side in the winter , sitting in the out house feels 😂

I have seen these charts before but the one thing they don't say are we talking gross or net? I am sure that they pay taxes in the Philippines and I would think there is a difference in what people make and what they take home as disposable income. That is the important number.

That's unfortunate. I was hoping that wasn't the case. I would be rich if a stayed working, but in retirement I guess middle to upper middle. I honestly hoped the age thing wasn't about money, but clearly it is.

Rich

Thanks again GIO...upper middle for me in the Philippine...and when I get my pension in Canada...!!! ??? I will be poor in Canada😇

A couple things you didn't consider or mention. Those incomes were for a family of 5. Money goes a lot further for 1 or 2 compared to 5. 1) In the US for a family of 5 to be "middle/middle" (or barely upper) class, they would need a $100-120k income. If a single guy has a $120k/yr? Way different. 2) Most expats do not have to work for the money. It comes in automatically, and usually increases every year. If someone works and makes $90k a year, working 50-55hrs a week. They make decent money. If a person gets $90k/yr TAX FREE? That's almost independently wealthy.

Senior Canadians have about 1800 to 2000 a month, but if they receive the guaranteed income supplement they will lose that portion of their pension which is aprox fourty per cent if they live outside of Canada for more than six months of each year...

So 240k pesos per month is rich? That’s 4183 USD as of May 9. I’m retired. I’m not working in any way shape or form. My current income is 4200 but I don’t spend close to that. I’m living well and do local PI travel for less than 3000. But I don’t go to the bars and I don’t pay bar fines. As I said. I’m retired.

In the U.S., I'm considered lower-middle class. In the Philippines, I would be considered rich. When I retire, I would be considered upper-middle class in the Philippines.

Interesting. Combining your statistics I would say 2000 USD outside greater Manila area will be considered real rich. Maybe not by the first rather artificial definition. But the second statistics just shows that people earning 2000 usd monthly are pretty rare. So 90 % of Filipinas will consider you a catch at least financially. Keep in mind that the first statistics is Family income. Basically that is all under same roof. That is a fluid number here. You as a foreigner can lift a whole household to upper middle class.

Based solely on my monthly passive income and that chart you have shown us I would be categorized as "Rich" by Filipino standards. But we dont live rich. We are big fans of Macdonalds breakfast and their coffee rather than going to Starbucks. We live well below our needs, and we mostly focus on quality of life, in order to get the greatest value out of it. Besides what i have. My wife and I also own alot of properties there in Tanauan. We rent them out as well. That's her side business. We're just simple people. And we love each other.

Based on the chart, I’m well above the rich line, very blessed for sure and I don’t take that for granted; my heart bleeds for the poor in any country😢

Just normal women's hypergamy......buy what you can afford and enjoy your life

Try to work phillippines salary to support your family. I bet you wouldn’t survive more than one year. You will end up going back working in usa or overseas for higher wages. It pretty much same thing in usa and the Philippines if you average joe working a job to support a family for living expenses.

I have been living here for 15 mths. I am making 800 USD per mth. teaching English online. I only work about 20 hours per week. I can live off that and stay under that if I don't travel to another island. The 2 or 3 times that I did travel I went over by a couple hundred dollars. I did go to Thailand for 3 weeks in April and went way over...but it was worth it ha ha. I am less than a year away from early retirement. So just teaching until I reach that retirement income .

It is not you make per year living in the West. What you will earn while living in the Philippines. If you make 200,000 k a year in NY City you will likely not make that moving to Cebu. Maybe if you can do it remotely. Even if you move there and make 5000 a month remotely being rich is more about how much you have in the bank versus your debts. not what you earn.

So my american husband considered rich here in philippines earning 7,000.00 $?

Majority of the retired military that are also collecting disability are off the scale.

OK -- so I will actually - be - 'middle class' - but be looked at like I'm really rich ? -- Thanks for the heads up on that one !!! 🤔 Life is seldom 'fair'. -- Living frugal & thrifty may perhaps convince them that I'm certainly - 'not rich' - when asking for their help finding the deals ?!? -- Time will tell but I won't be renting the extravagant places you typically do. Small thrifty studios cheap to clean and cool are fine with me. 🤗

I think many families here have a OFW sending money to the family. The malls food places are pack on the weekends. More than 1/2 full midweek. I see 2m php vehicles all over the place. 150k+ scooter everywhere. Numbers don’t add up Me upper mid. Avg SSA is like 1800.

I'm in the lower middle income right now. We're talking passive here. I'm only in my 30's so the sky is the limit over time.

I think we forget that there is the distinct possibility that their pay grade aside, we are dating the less educated girls in Philippino society. If you were a reasonably intelligent guy with high income would you date a shelf stacker back home? I think as older ex pats we settle for less based on our own insecurities and a pretty face. My income and intellect would put me on far more money than a surgeons income. Where and how do I meet them???????

Yes Gio you are correct. My filipina wife was a bank clerk making about $250 a month. I will be rich when I arrive there, but it takes 4 different sources from my lifetime to get there. If anything happens to me, my wife and daughter will be setup nicely.

I see great honesty in this video. Let's be honest. If we were a good shit,have lots of money,able to find a decent woman.We would not move to some place else.So.We have many missing things.So Ph and poorer countries sounds better for us.

This is misleading only using income id say someone who has $ 2,000 to $ 3,000 a month in income and $100,000 to $1,000,000 in investments would be rich this is also misleading in America as well in my opinion just using income

You mention statistics. Statistically most of us will see more low income workers in our day to day life. So "statisically" it stand to reason they will be the more common gf/partner option/result. As a retired electronic engineer it is extremely unlikely I will meet a filipina at that "level" as i do not associate in those cricles any longer. So rather than looks at stats here i would suggest is more about probability from which stats will result.

I'm in the lower middle class Gio I can't travel or buy the most expensive things here in the Philippines even though I've lived in America for most of my life

Where I live in the West, 240,000 pesos a month is the beginning of middle class. But the prices are high too.😢

Never mention your financial status in the Philippines. You will know you find the right girl because she will ask no questions about money, houses, plans to spend, etc...

You know to me the people in the Philippines really not that much different then the ones in the US or anywhere else for that matter. If they can feed, cloth and shelter themselves the look to make differs choices then they would if that is a struggle. Many women here in the US and I am sure in the Philippines once they earn well for themselves would find it hard to possible give that up for a man or for family life.

For me, I don't care about financial status.. whether his poor or rich, if he shows that he loves me and cares about me and is loyal to me and be honest with me and would really work things out with me through actions.. I will surely fall in love with him.

At this time. I am a middle class of Middle class in Ph,according to your chart. I can be a very rich in Ph in a very short time.

IM PERFECTLY HAPPY(single) 2000 US/MND

As we usually don't discuss money, but according to the information provided plus 10% for inflation, I would say I still fit in the upper middle class range. I probably would leave a savings account or portfolio back in the States with a monthly contribution to that which would still leave me in the upper middle class range but closer to the middle class side . You really don't want to have too much more than what you need because you could actually make yourself a target for kidnapping. Bank employees don't make a lot of money, and your income information could be worth something to the right individuals. Now, I'm not saying that this is pervasive, but you should keep this in the back of your mind that you are not in your country and could become a victim. Do your budget, which includes an emergency fund or health insurance, depending upon your age, and leave the rest overseas. Let's say you are in the 2500 range and you really only need 2000 to live comfortably. That's 6k a year going into your savings and in three years you can have close to a million pesos. Keep in mind that when you hit a certain age you will be required to withdraw a certain percentage every year from your savings and investments . So 10 years of saving could get you a nice bump every year . These will be post tax savings like in a Roth account and if you do things right you can stay under the taxable amount and the percentage that you can earn before it effects your social security. I'm not sure if that's correct because retirement savings is not considered working income unless it's 401k savings. Regardless I digress and go back to just having what you need to enjoy your life and not a flashy lifestyle.

I'm retired and middle class widower i I'm going to Dumagutue but I seen this video on utube I think it was San Palbo on Mindino look real nice

U need some decent cash. But in the Filipinas defense. No women hooking up with broke guys in the USA either

The fact that you are a foreigner will subject you to the foreigner price which in some cases may be much higher then what the Filipino will pay....thus it will bring you down to a lower bracket.

Hard for em to say cause I collect S.S and that’s a fixed amount but I also withdraw from my retirement account. Also it depends on who you ask as well. To those workers making 200-300 usd a month someone making 2,000 a month looks rich.

Still shocking how low the pay is for the top jobs in the country.

I fall in the rich category but want to keep expenses around $3,300 for the next two years. When I travel, I'm willing to spend up to $7,000 a month.

My VA Pension is about a CEO's Income.

I know you put the average but the median would paint a better picture

I am rich withmy va disabity check and free VA clinic in Manila

I was making bucket loads of cash flows at the Dryden Hotel of Subic Bay till it burnt down back in the day, that also took out 7 lives.

Good informative video Gio! Thanks and stay safe!

Over 100k , rich there, poor here in Hawaii, ready for a move 🤙over

I should have enough for a cute live in maid and a travel buddy or two. How much fun you have really is more important!!

Let’s say very comfortable 🤔😎

Thanks for the info Gio, but you have to consider expenses as well. Some people with over 200K per month are living month to month and others in the middle class have homes and vehicles purchased so their expense to income ratio is way better.

Nice video Gio, it’s all about being happy and financially healthy that really matters.

Great info Gio, I am moving there as soon as I can sell my car. I have most of my balikbayan boxes packed and doing the health certificates for my dogs. ( just have to do the vet visit prior to travel) I will fall in the middle middle class over there, I have gotten used to living a simple life since I have retired and I don't think that will change once I get there. The cost of living is so expensive in Tampa now that if I stay here I will have to work until I die. Just my rent is $600 more per month than my SS.

I’m definitely ready to get back to the Philippines. 🇵🇭 You can totally live a better life in the Philippines

Is this income after tax or before tax?

Great video

Women in every society wants financial security. Obviously in asia an older established guy is attractive to poorer younger women. Financial security is just part of a relationship its not the main focus in my view

Same in the west. If you earning 7 figures a year people will be in your inbox or asking you for handouts. Keep it to yourself.

gio this is a good video this will give every one a real good starting place to know how much money they may need to live in the philippines. what i would say to any one planing to move to philippines is1. pay off all your debts you own money too or get riad of them like your credit cards bills you pay every month its time to pay them all off if you have a loan for a car or house pay them off or sale them. well for your house if you still owe money is to higher a property management to rent out your house at the lest for you car if you still owe money play it off or just sale it or jsut get ride of it. now that you do not have all those payments you are paying each month you will find out that you really do not need lot of omey to live on even in the usa. but after you do all that try to live on as little money that you can live on in your owen country before moving when you find how little money you truly need to live on then pay off all your debts you owe money to and you will find out that you need even less money then you think you need. do all this you will know how much money you need then or a real good ida how much money you need then.

EXTREMELY HELPFUL VIDEO With TONS of Info that I Have WONDER About, for a WHILE ( I Even, Took NOTES ) :)) lol

Very clear and useful video. It's difficult to ask to a filipina how much she get. If you earn a lot, you have to do low profile and sometimes no tell the truth. Thanks for sharing good resume

I made rich.. by almost double.. yay lol

Uhm......for a family monthly income to be considered RICH they need to earn at least PHP 240,600, yet the highest paying job is a Surgeon earning an average of PHP 82,400. Even if both a husband and wife were both surgeons, their combined income would be less than PHP 240,600, and therefore not RICH, which doesn't make any sense. According to Google Gemini a surgeon's average annual pay range is very broad (PHP 88,000 - PHP 3,000,000). So, only surgeons earning very close to the Upper Range make the RICH list. I guess that makes a little sense now. LOL

I’m definitely not rich or close but I’ll have to enough to take care of me and that’s what matters to me

i guess ill be rich in philippines a little over 8K usd (retired)

You're spot on Gio. When I come over, I'll have a monthly income that will put me squarely in the lower end of the upper middle class. And that's fine by me. I'll be able to live comfortably. And the girl I'm interested in is not rich (nor is she poor). But we should be able to live a comfortable life together and that's all I'm looking for.

It's very easy with age gap relationships in my opinion. I'm in my 60's and WAY past the LOVE stage of my life. All I need is a little respect and kindness which I can't find in the USA. So if I meet and live with a much younger Filipina and she can provide a little respect and kindness I'm golden. I will share my monthly retirement gold to give her a better life. BUT if she turns out to be bitchy and unkind she will be shown the exit door. It's not difficult as I'm not asking for her true love. As I said, I'm way past that stage, been there done that already with former wife and 2 kids.

🙀

Poor in Western Europe/U.S. vs Philippines in terms of $ earnings is an abyss but the total cost of living is so much higher in the West...thus only seem rich. But the poverty us on another level. Poor people here in West may still own a bit older car. A poor person in West may seem relatively wealthy in the Phils, even he is not, and is in a low income bracket in his home country

This is one of the issues with 'falling in love' in this country: the socio-economic gap. Does the woman love you for your wit and charming personality or because of what you can do for her and her family? Only time together will tell.

Hi Gio, I enjoy your videos and it’s very informative. I’d be considered on the lower end of rich with my social security disability and my pension. I’m divorced and would love to move to the Philippines and meet a beautiful Filipina.

Gio when I get over to the Philippines I will be considered, Upper middle class, In America Im considered low income.

I am rich but my finpno girlfriend does not know how much I get she thinks I get about 3.000 Sterling a month

So how much does it take on retirement to live in the Philippines while paying for your own medical comfortably?

Happy versus unhappy is the only question. This question of the day is the obsession of the unhappy trying to make themselves feel better. Excellent video though.

Very valuable intel

I came from a very poor family, but through the hard work of my parents, we finished studying and been working abroad for quite a long time. I still consider myself in middle class even though I had different investments in the P.I.

Nice Video

Hypergamy is intrinsic to female nature regardless of her nationality.

thank you Gio for discussing such important helpful topics