Inflation pushes long-term goals aside for many Pinoys

While nearly seven in 10 Filipinos feel more secure about their short-term finances, confidence in meeting future financial needs has declined as long-term goals are viewed as less urgent.

- By DERCO ROSAL

According to Sun Life Asia’s latest Financial Resilience Index published last Friday, Aug. 15, 66 percent of Filipinos “now feel financially secure,” higher than the 45 percent recorded in the previous survey.

From 57 percent previously, confidence in managing finances on a monthly basis jumped to 69 percent. Sun Life said this suggests improved short-term financial resilience.