Speaker: Dr. Junjun Amparo
Date: May 27th 2022
Description: This study investigates some critical factors affecting the financial status of Overseas Filipino Workers (OFWs) in Thailand. The purpose of the study was to examine the current economic blueprint of Filipino OFWs, analyze the financial coping mechanisms that most Filipino OFWs employed, understand the common financial challenges that most OFWs are facing, and come up with financial literacy guidebook. Through in-depth interviews and using the purposive sampling technique, the primary data of this study was gathered from informants who have been staying in Thailand for more than eight years. The results also revealed an alarming level of financial intelligence deficiency to most OFWs in Thailand. Likewise, the results of this study showed many unforeseen problems and challenges that significantly entangle many OFWs in poverty. Lastly, this study has tremendous implications on the financial mindset of Filipino workers who traded their time, health, and effort for hard-earned money abroad.