GMA News Special Report: Manny Villar’s Tondo roots were ‘definitely middle class’
Posted by akosistella on April 26, 2010
According to Manuel Villar Sr.’s salary record in 1961 as a rising official in the then-Department of Agriculture and Natural Resources, he was earning P448 a month or P5376 a year. It does not sound like much but the value of money was much different then. The minimum wage was four pesos a day, and an eight-ounce soft drink was 10 centavos or less. The elder Villar was earning an average of P22 a day.
Significantly, according to a household income survey in 1961 conducted by the National Statistics Office, the average annual individual income in that year was only P1,105. In other words, Manny Villar’s father was earning nearly five times the average income at the time.
Using the consumer price index from both 1961 and 2009 available on the National Statistics Office web site, we calculated the equivalent of P448 in 1961 to be P35,392 in today’s money, Manuel Villar Sr.’s monthly salary when adjusted for inflation. His rank in the civil service then was Budget Officer III.
Even in 1957, when the candidate says the family was much poorer, his father was earning P3960 a year at a time when the average individual income was P924 per annum.
This entry was posted on April 26, 2010 at 6:00 AM and is filed under 2010 elections, Campaign ad, Manny Villar, News, Philippine politics, Video. Tagged: Angelito Nunag, campaign strategy, Cecille Villar-Fernalino, Cielito Habito, Curing Villar, Curita Bamba, Divisoria, Dr. Mary Racelis, Eduardo Artures, Gloria Villar-Benedicto, Lelet Buenviaje, Manuel Villar Sr., Moriones St., National Economic and Development Authority, pekeng mahirap, Philippine elections, Philippines, political ads, San Rafael Village, Tondo Parochial School. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.