Quote for the day, June 1, 2008

June 1, 2008 at 3:00 am Leave a comment

“THE MINIMUM AMOUNT THAT A FAMILY of five living in the National Capital Region should earn nowadays to stay out of poverty is at least P10,000 a month, or over 16 percent more than what was required two years ago, according to the National Statistics Coordination Board (NSCB)…… The NSCB earlier reported that 26.9 percent of Filipino families were poor in 2006”.

— Inquirer news

The P10,000 requirement is based on a family of 5. That means P67 per day per person. If you do not have that much money per day to sustain yourself, then you belong to the “blessed are the poor…”

Now, if you have P67 per day, you don’t belong to the poor but you have an arithmetical problem: how to allocate P67 to have 3 meals a day (P20 per meal?), a roof on your head, and a shirt on your back and a few pesos for transportation. It is a tough math even for a genius like an Einstein.



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