Contrary to the common belief, social class is more than just about how much money you’re making. Sociologists actually define social class as a group of people with similar socioeconomic status or standing within the society based on the level of income, education, and occupation. Social classes range from low to high and often reveal dissimilarities in terms of power, influence, and access to resources and privileges. There has been a plethora of debate about what makes one classified as poor, middle class, and rich. And, to give clarification to that, the Philippine Institute for Development Studies (PIDS) has...

The economic recovery in the Philippines will be much slower than most of its regional neighbours, as the coronavirus pandemic crisis in the country remains uncontrolled, according to the World Bank. According to Noelan Arbis, economist at HSBC, the slow economic recovery is due to the slow recovery of services sector which is a major contributor to a country’s economic growth. He also noted that the Philippines needs more “fiscal stimulus” to improve mobility in order to have vigorous recovery. "The pandemic has hit the services sector far worse than other sectors of the economy like manufacturing. Like China, it...

It was just few days ago when we stepped into a new year, and it’s the best time to start managing all of your expenses and saving up for this year. Savings accounts are one of the best ways for people to set aside their extra cash. A good savings account keeps your money safe and also pays interest, which can help your balance grow over time. The best way to ensure that you secure and build wealth, and avoid debt is to plan and save as much money as possible for both future needs and desires. Some financial experts...

  Elon Musk has officially become the second richest man in the world, next to Amazon founder Jeff Bezo, and surpassing Microsoft Corporation founder Bill Gates — thanks to Tesla’s skyrocketing share prices this year, which have made the South African-born entrepreneur to increase wealth to unimaginable heights of $147 billion, according to the Bloomberg Billionaires Index. Bloomberg reported that the Tesla CEO has added more than $100 billion to his net worth in 2020, soaring him from the 35th spot of being the richest man, to number 2. According to the repost, most of Musk's wealth is because of...

In the past years, the concept of ipon challenge has become widely popular in the country, and it has been proven more effective to some Filipinos. The ipon challenge becomes Filipinos’ another way of saving money because it makes the normally frustrating task of setting money aside more fun, making us become more responsible and conscious with our expenses.   Photo from Great Performers Academy   To help you start your own ipon challenge, here are a few ideas that you can try for your ipon journey:   The Monthly Ipon Challenge The Monthly Ipon Challenge can be converted into...