The Basket of the Retiree Rose 26% in Six Months and Exceeded a Million and a Half Pesos
5 Articles
5 Articles
The cost of the Basic Retirement Basket registered an increase of 26.12% in the last six months and is already at $1,514,074, according to a survey published by the Office of the Ombudsman of the Third Age. The report exposes the growing gap between the basic needs of older adults and the assets they receive, since the minimum retirement, including the September bonus, barely reached $390,214. The items with the highest incidence in the calculat…
The Basic Retirement Basket rose 26.12% in the last six months and already exceeds $1.5 million, with a higher incidence of spending on food and medicine, according to a survey by the Office of the Senior Ombudsman. The measurement that contemplates the costs of the main needs of retirees reached a value of $1,514,074, which means an increase of over 26% over the $1,200,523 calculated in April. The figure that currently exhibits the basket is ma…
The Basic Retirement Basket exceeded a million and a half pesos in September and stood at $1,514,074. Compared to April, when it had been calculated at $1,200,523, the increase in six months was 26.12%.The breakdown of the expenses shows that the drugs represent 27% of the total, with $402,880; the food occupies 23%, with $348,000; the housing takes 19%, with $294,000; while the cleaning item concentrates 7%, with $107,444, in addition to other …


The Basic Retirement Basket rose 26.12% in the last six months and already exceeds $1.5 million, with a higher incidence of spending on food and medicine, according to a survey by the Office of the Senior Ombudsman. The measurement that contemplates the costs of the main needs of retirees reached a value of $1,514,074, which means an increase of over 26% over the $1,200,523 calculated in April. The figure that currently exhibits the basket is ma…
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