Cebu Safety and Conspicuous Consumption
I agree that Cebu is generally safe. Nevertheless, I stay alert. You increase your safety by not offending Filipinos, not getting too drunk, and not waving around money or expensive jewelry. I almost always get money from the ATM during the day.
I'll ask the hotel security guard to watch me while I withdraw money. I separate my money into multiple pockets, and keep the bulk of my cash either in the hotel safe or a safe in my room.
As regards what sociologists call "conspicuous consumption" such as when the black family living on welfare in a tar paper shack has a Cadillac on the dirt driveway, it exists in the PI. A friend of mine was selling counterfeit Rolex watches (and admitted they were imitation) to Filipinos. I thought he was crazy.everybody knows Filipinos are poor and have no money. Yet time after time I was surprised when on the bus, in the taxi, in poor neighborhoods, I saw him sell dozens of watches at 200 pesos each.