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Around 10 million OFWs send balikbayan boxes home, especially during the Christmas season. Inside are heartfelt gifts consisting of imported chocolates, cereals, Pringles, Vienna sausages, Jif peanut butter, pasta, food supplements and jelly vitamins.
If you are employed in any companies in Metro Manila, you may already know the struggle of sticking to your budget. No matter how much salary increase you get, it is always difficult to save up.
In January 2017, Bangko Sentral ng Pilipinas (BSP) shared a study that shows 86% of Filipino households don’t have bank accounts. That is more than half of the population.
The Pag-IBIG Fund teamed up with 213 establishments in the Philippines to give the members a better chance of saving. As the agency revealed, there are 17.4 million Pag-IBIG members nationwide. While 3,615,624 are cardholders only 379,393 of them are enjoying the benefits program.
More than 10 million Filipinos work abroad. And millions more aspire to become OFWs.
There are 10 million people living away from their families to give them a better financial support.
Earning double or triple the salary which they could earn here in the Philippines, they brave the life in other countries, amidst the homesickness for the hope of a better future.
