John Paolo Rivera, senior research fellow at the Philippine Institute for Development Studies, said the higher employee contributions could slightly reduce disposable income, especially for those in lower-income brackets.
"While the individual share increase may seem modest, it can still affect consumption patterns, as lower-income households tend to allocate a significant portion of their income to basic necessities," he said.
This story is from the January 03, 2025 edition of The Philippine Star.
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This story is from the January 03, 2025 edition of The Philippine Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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