Having a baby? You need P60K to buy essential items–study

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A study by iPrice Group issued in December reveals that Filipinos need about P60,000 to cover basic supplies by the time a baby is born.

But this is only on the premise that a single minimum wage earner is expected to provide for a newborn. Usually, there are two members in a family making an income.The pandemic seems to have slowed down the birth rates in Southeast Asia—a region that has been grappling with the issue of overpopulation.

Meanwhile, Malaysia is facing the same fate as its fertility rate is at its lowest in 40 years. A similar trend can also be seen in Singapore and Thailand as well. “Filipinos will eventually learn to live with COVID-19 and we may see increased births after the era of COVID-19,” says Perez.Despite the declining birth rates in several Southeast Asian countries, online interest in baby items is on the rise. iPrice recorded a 127-percent increase of Google impressions on baby categories across all six of its platforms in 2021.

 

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