Pinoys 3rd top spender on utilities vs. income
Mar 28, 2022
FILIPINOS are among the highest-paying consumers in terms of the share of utilities to their income, according to a UK-based energy consultant Utility Bidder. The Philippines ranked third globally in terms of spending for gas and water; electricity; broadband; and mobile needs relative to their income. The study showed households in the Philippines spend 61.5 percent of monthly income on utilities. Of this percentage, some 38.9 percent were spent on gas and water. “The Philippines [has] under 39 percent of their average monthly wages paid out on gas and water. The island country in South East Asia also ranks in the top 3 for broadband, spending 18 percent of their monthly salary on an internet connection,” Utility Bidder said. In terms of electricity expenses, Filipinos spend 3.3 percent of their income on this utility while 0.50 percent is spent on 1 GB of Mobile Data as a percentage of their income. The data showed Pakistan ranked first, with households spending a whopping 82.9 percent of their income on utility bills, the majority of which is spent on gas and water. In Nigeria, the country that came in second in the ranking, citizens pay more than half of their monthly wages purely for internet access. Other countries in the top 10 include Bangladesh which spends 46.8 percent of its income on utilities; South Africa, 46.6 percent; Ukraine, 43.1 percent; Vietnam, 40 percent; El Salvador, 38.1 percent; Bolivia, 36 percent; and India, 35.6 percent. The country with the lowest household expenditure on utilities is Switzerland, which has the highest monthly income on the study’s list, of £5,069. In second place, Singapore also has one of the highest incomes on the list of £3,370 per month, resulting in utility bills only adding up to 6.3 percent of this total. Next up, utility bills in Ireland take 6.5 percent of the average monthly income. “With energy bills on the rise and set to continue on the same course thanks to the recent hike in gas prices, it’s important that you consider these handy tips on cutting down your energy bills. Making these small changes to your habits or to your home can be kinder to your wallet and reduce your carbon footprint too,” Utility Bidder said. Utility Bidder said turning lights off every time they are not in use could save up to £20 a year while dialling down the temperature on your washing machine to 30 degrees celsius could save up to £28 a year. Reducing the number of washing cycles to one a week could knock another £8 from monthly bills. Further, opting for drying your clothes on clothes racks or outside in the sun could save up to £55 a year and turning down the thermostat by only degree celsius can reduce heating bills by around £80. The company used data on average monthly income according to World Data; the monthly cost of gas and water according to Numbeo; and the monthly cost of electricity based on yearly electricity consumption in kilowatt-hours per capita according to The World Bank divided by 12. Utility Bidder also used the monthly Cost of Broadband and the cost of 1 GB of Mobile Data in each country according to Cable.