A recent Pew Research Center piece has data on income inequality for various countries and the world.
The distribution of income in PH is as follows for 2011: 14% poor; 72% low-income; 14% middle to upper middle; and 0.2% high-income.
The global percentages are: 15% poor; 56% low-income; 22% middle to upper middle; and 7% high-income.
What might be concluded? We aren’t exactly poor, but we are predominantly low-income. That means the middle and high income groups are a minority of only 14%.
The economic challenge to those who claim they have a better mousetrap is whether they can reduce the low-income group to the global average of about 50%, raise the middle group to 30+%, while lowering the poor to 10% or below. Doable, but not easy, over the next decade.