Pinoy Parents Need To Spend Almost P60,000 For Basic Baby Items: New StudyThe cost doesn’t include items bought on a regular basis.by Jocelyn Valle .
This is according to a new study conducted by iPrice, an e-commerce aggregator, and culled from its price data from thousands of sellers and merchants. It covered other Southeast Asian countries, such as Singapore and Malaysia.
The study said, "Southeast Asians need a total of about US$1,179 to cover their baby’s basic supplies and items when they’re born. And these are only the basic items; it doesn’t even include other items such as bath products, cleaning accessories, clothing, feeding items, baby décor, or even bigger non-item necessities such as healthcare."
In this regard, the study pointed out the problem of affordability of baby items for minimum wage earners. For instance, in the Philippines, where the minimum wage is Php 537/day (US$10.66).
It said, "If a minimum wage earner in the Philippines worked for twenty days a month, he or she would only earn about US$ 213/month."
Another example is Vietnam, with minimum wage is said to be US$185/month.
It explained, "That means that Filipino and Vietnamese minimum wage earners need to save 69% and 80% of their salaries (respectively) for 8 months to afford a newborn’s basic items."ADVERTISEMENT - CONTINUE READING BELOW
The study also reported an increase in online interest in baby items, despite the decreased birth rates in several countries in the region. In the Philippines, for instance, the birth rate dropped to its lowest in 34 years (read here).
Topping the list of most in-demand items were those from the toy category with a 222% increase of Google impressions in iPrice's platforms in 2021. Next came from diapers (160%) and nursery items (127%).
Researchers surmised that parents were possibly "forced to shop online for their babies’ needs since the pandemic has greatly affected their movement outdoors." Another reason could be parents were "finding ways to entertain their kids at home through toys, inflatable pools, and kids’ study tables."
For Pinoy parents, milk formula ranked first, followed by inflatable swimming pools; bicycle for babies; disposable diapers and cream; and cribs.
In summation, the study said, "With all the challenges that Southeast Asians are facing during the pandemic, on top of potential financial uncertainties, having a child right now could be extra challenging.
"But since the pandemic doesn’t seem to be going away soon, life must go on for many. That said, careful family planning can be the key to a good quality of life."
Read here on the baby items that you really need.
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