The Impact of government programs on the financial well-being of Bicolano overseas Filipino workers
Abstract
This study aims to assess the effectiveness, accessibility, and implementation of government programs available to Bicolano Overseas Filipino Workers (OFWs) and explore their financial well-being in relation to these programs. Specifically, it investigates how the presumed benefits, accessibility, and implementation of government programs such as PhilHealth, Pag-IBIG, SSS Flexi-Fund, and others impact the financial health of Bicolano OFWs. The study further explores the demographic profiles of these workers to understand their financial behavior and the relationship between these factors. The results indicate that most government programs are perceived as somewhat effective, accessible, and implemented, with significant variations in how they impact different aspects of financial well-being. The study finds moderate relationships between the level of financial well-being and the effectiveness of these programs, particularly in the economic and social aspects. Notably, the programs have a stronger impact on the economic well-being of Bicolano OFWs, with moderate relationships found between the programs' effectiveness and financial outcomes. However, gaps in awareness, accessibility, and reintegration support remain, suggesting the need for improved program delivery. A total of 50 respondents, all Bicolano OFWs, participated in the study. The statistical design employed was descriptive correlational analysis, utilizing Chi-square tests to assess relationships between demographic factors and the financial well- being of the participants. The tools used for data collection included a structured questionnaire that measured respondents' perceptions of government programs and their financial well-being. The results of the study provide valuable insights into the challenges faced by Bicolano OFWs and offer recommendations for enhancing government programs to improve their financial stability and overall well-being.
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References
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