The population of the Philippines has been steadily growing for many years. It is the 13th most populated country in the world, between Mexico and Ethiopia, and grew at a rate of 1.72% between 2010 and 2015. The 2019 population is 108.12 million, according to the latest UN estimates. Compare to Thailand and Vietnam Philippines population is growing exponentially. Growth is okay but poverty flows together with growth is a bad thing.


The RH bill is therefore not a real and lasting solution because it only addresses the symptom of overpopulation among the poor. The end does not justify the means, especially if it is harmful and immoral.  The poverty line for 2014 marked a per capita income of 100,534 pesos a year. According to the data from the National Statistical Coordination Board, more than one-quarter of the population fell below the poverty line the first semester of 2014, an approximate 78 percent increase since 2013. The country’s poverty incidence for the whole of 2015 declined to 21.6 percent from 25.2 percent in 2012 and 26.3 percent in 2009, the Philippine Statistics Authority (PSA) reported. (Wikipedia)


Financial education awareness is a necessity as the population increases or else crime and vices will increase as they look for easy outlets to get them moving for their daily expenses.  the age group of 15-24 are the largest population and this statistic clearly shows the urgency for financial education. If this young people are properly educated financially they can turnaround a poor country to a better Philippine for future generation. The young people can cut the umbilical cord of generational poverty if schools, universities start teaching financial education.


The Philippines in Figures 2015, Philippine Statistics Authority
Philippine Health Statistics 2013, Epidemiology Bureau, DOH
Page Last Update: 14 June 2016, 1:16 PM


If the young people are taught properly about the need for insurance can do a big favor for the government; transfer of risk to insurance companies is a key player in this game or else the people will always depend on the government for their health and other related financial issues. Developed country like Singapore, Japan and Korea buying insurance is a necessity. FINWAZE sees a great need for more individuals to join the Life Insurance industry and play this critical role of educating the people of Philippines. This is a noble thing to do.

Shocking statistic of death and illnesses without insurance ESCALATES  families to below poverty level; soon this will be the problem of the society and the government. THIS MUST COME TO AN END BY GOOD FINANCIAL EDUCATION.

Call FINWAZE @ 09199104104 for FREE FINANCIAL EDUCATION SEMINAR or email and ask any questions info@finwaze.com we are here to help.

Article by: Ashok MBA – Strategic Coach & Mentor for MDRT/COT/TOT



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