excerpt from ABS-CBN Feature...
...Dizon-Anonuevo answered that sixteen billion dollars were remitted by OFWs last year yet the Philippines remains poor
because a big portion of it is used on consumption thereby failing to create capital or wealth. Remittance studies have shown that most of the money received by families of OFWs are used for day-to-day expenses, such as food, utilities, and other household expenses.
“In fact in the communities where we are working, we interviewed 1,000 families how much they remit and if the amount they remit is enough. They said 5,000 pesos is not enough, 20,000 pesos is not enough, 60,000 pesos is not enough, 100,000 pesos that is remitted monthly is not enough. So what is enough. From what we see when what we provide increases so dies the standard of living. Their needs also increase,†she added.
full story here:
http://www.abs-cbnnews.com/storypage.aspx?StoryId=88597Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=3378.0
Topic: So, what is enough? (Read 693 times)