FILIPINOS are incurring more debt as inflation continues to rise and due to the impact of the coronavirus pandemic. — BW FILE PHOTOation and the lingering impact of the pandemic, according to a survey.
Of these respondents, 29% said their income decreased “significantly.” On the other hand, only 27% reported an increase and 21% said their income level remained the same as before.flation, is indeed taking place,” Digido said. It showed 22% of respondents considered borrowing more frequently than before, 13% used loans or plan to continue using loans in approximately the same amount, and 10% applied for more loans.
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