They have different opinions as to when it would be achieved, but 8 of 10 Filipinos are optimistic that the Philippines is or can become a developed country. This is according to a survey commissioned by Sun Life of Canada (Philippines), Inc. and conducted by Social Weather Stations to determine the public’s opinion regarding development.
Asked if they think that the Philippines is already a developed country, 3 of 10 Filipinos said yes. While 7 of 10 opined that this is not yet the case at the moment, majority did express that this could be achieved in the future. 3 of 10 said the Philippines will become a developed country in ten years, 1 of 10 say it can be done in five years, and another 1 in 10 thinks it’s possible in three years. Meanwhile, 2 of 10 believe that the Philippines will never be a developed country.
Asked about what they believe best indicates a developed country, 41% said that it is the accessibility of “affordable good education”. The other top answers were a developed economy (40%) and the accessibility of job opportunities (36%).
74% expect that the country’s development would have a positive impact on them and their families, but 26% believe otherwise. The top 3 responses of respondents when asked what they are doing to improve their own financial situation are saving money (54%), growing their current business (19%), and not doing anything (18%).
“The country’s economic progress has been all over the news lately, and Sun Life wanted to know the Filipinos’ sentiments regarding this. It would be great if the country’s economic progress can be enjoyed by all and not just a few. However there are still those who do not foresee that the country’s economic progress would have any positive impact to them and there are those who are not doing anything to help their financial situation improve” said Sun Life Chief Marketing Officer Mylene Lopa. “But this financial freedom can only be achieved if each of us would also take personal accountability for our finances and take specific actions today.”