{"id":484,"date":"2011-11-05T14:05:46","date_gmt":"2011-11-05T14:05:46","guid":{"rendered":"http:\/\/sedpi.com\/?p=484"},"modified":"2011-11-05T14:05:46","modified_gmt":"2011-11-05T14:05:46","slug":"abs-cbn-features-sedpi-study-on-ofw-financial-status","status":"publish","type":"post","link":"https:\/\/sedpi.com\/en\/abs-cbn-features-sedpi-study-on-ofw-financial-status\/","title":{"rendered":"ABS-CBN Features SEDPI Study on OFW Financial Status"},"content":{"rendered":"<p>SEDPI\u2019s study on the financial status of Overseas Filipino Workers (OFWs) was the highlight of an ABS CBN report. ABS CBN\u2019s Europe News Bureau posted the report which covered SEDPI\u2019s training on Financial Literacy for Remittance Senders in Oslo, Norway last November 5. (Read ABS-CBN Article) Eighty five participants, mostly au pairs in Oslo and neighbouring cities of Norway, attended the training. <i>Au pairs <\/i>work in European households as babysitters and household workers and live with the host family.<\/p>\n<p>The study reveals that 1 in every 10 OFWs is financially broke even after years of working abroad. Moreover, 8 in every 10 OFWs also do not have savings. Of all the OFWs who participated in the study, only 20% save regularly. OFWs and families also tend to be dependent on regular remittances and invest on idle assets. They also lack financial preparation for retirement.<\/p>\n<p>The figures affirm SEDPI\u2019s commitment to continue implementing its financial education program. The training is part of the financial literacy program that aims to equip migrants and their families on how to save, spend, budget, craft financial goals and manage debt. To date, SEDPI trained close to 2,000 OFWs in 14 different countries on financial literacy. For more details on how to partner with SEDPI to conduct financial literacy trainings, you may send an e-mail to <a href=\"mailto:info@sedpi.com\">info@sedpi.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEDPI\u2019s study on the financial status of Overseas Filipino Workers (OFWs) was the highlight of an ABS CBN report. ABS CBN\u2019s Europe News Bureau posted the report which covered SEDPI\u2019s training on Financial Literacy for Remittance Senders in Oslo, Norway last November 5. (Read ABS-CBN Article) Eighty five participants, mostly au pairs in Oslo and [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":["post-484","post","type-post","status-publish","format-standard","hentry","category-financial-literacy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ABS-CBN Features SEDPI Study on OFW Financial Status - Social Enterprise Development Partnerships, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sedpi.com\/en\/abs-cbn-features-sedpi-study-on-ofw-financial-status\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ABS-CBN Features SEDPI Study on OFW Financial Status - Social Enterprise Development Partnerships, Inc.\" \/>\n<meta property=\"og:description\" content=\"SEDPI\u2019s study on the financial status of Overseas Filipino Workers (OFWs) was the highlight of an ABS CBN report. 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This was the message of SEDPI\u2019s President and CEO during his TV guesting at the ABS-CBN News Channel. \u201cOn the Money\u201d is ANC\u2019s latest show on personal finance. 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Rhoda Amodia, 36 years old and a domestic helper\u2026","rel":"","context":"In &quot;Financial Literacy&quot;","block_context":{"text":"Financial Literacy","link":"https:\/\/sedpi.com\/en\/category\/financial-literacy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":237,"url":"https:\/\/sedpi.com\/en\/ofws-from-bern-switzerland-use-paluwagan-to-invest\/","url_meta":{"origin":484,"position":4},"title":"OFWs from Bern, Switzerland use \u201cPaluwagan\u201d to Invest","author":"Mariel Vincent Rapisura","date":"May 26, 2012","format":false,"excerpt":"SEDPI\u2019s President and CEO, Mariel Vincent Rapisura, trained 18 Overseas Filipino Workers in Bern, Switzerland on May 26, 2012. Samahang Pilipina in Switzerland organized the training on Financial Literacy for Remittance Senders. 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