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What is considered rich in the Philippines?

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Based on the data, 86.6 percent of Filipinos have a net worth that's below $10,000 (P525,727.58 in today's exchange rate). Only 0.1 percent of them have a net worth above $1 million. To be considered rich, iMoney noted that Filipino households have to earn at least P50,000 every month and P594,317 or more every year.
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