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May 28, 2018

On Financial Literacy

We, Filipinos are almost best at everything: music, entertainment, talents, tourism, etc. Except for financial literacy. Gustong kumita pero ayaw mag-invest. Magkapera man, walang masyadong interest sa magka-savings at magkaroon ng investments. Three of 10 Filipinos lang ang may bank account. Mas-marami pang Facebook accounts kaysa bank account niya. Who's to blame? Our banking system sucks, kung anu-anong IDs at required documents, haba ng pila, pati initial deposit eh hindi kaya ng isang ordinaryong Filipino.

financial literacy philippines
The financial literacy journey, www.powerpinoys.com

Pinag-uusapan ngayon ng Senado ang tungkol sa pundo ng SSS o Social Security System. It seems like they are raising again monthly pension for its pensioners without even checking its financial  viability for the future years. Kawawa ang private sectors and its members Kung mauubos na ang pondo nito due to its limited investment powers.
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