According to a 2023 survey by Rakuten Insight on inflation in the Philippines, the majority of respondents across all age groups indicated that they reduced recreational activities such as dining out, going to bars, cinema, etc. to cope with rising prices. Noticeably, a higher proportion of survey participants aged 35 and above indicated that they cut back on energy costs to cope with inflation.
Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group
Characteristic
16-24 years
25-34 years
35-44 years
45-54 years
over 55 years
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Rakuten Insight. (April 12, 2023). Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/
Rakuten Insight. "Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group." Chart. April 12, 2023. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/
Rakuten Insight. (2023). Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group. Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/
Rakuten Insight. "Leading Actions Taken to Cope with Inflation in The Philippines as of March 2023, by Age Group." Statista, Statista Inc., 12 Apr 2023, https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/
Rakuten Insight, Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group Statista, https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/ (last visited July 05, 2024)
Leading actions taken to cope with inflation in the Philippines as of March 2023, by age group [Graph], Rakuten Insight, April 12, 2023. [Online]. Available: https://www.statista.com/statistics/1378994/philippines-coping-methods-due-to-inflation-by-age-group/