MANILA, Philippines – Even as they continue to send a significant chunk of their earnings back home, overseas Filipino workers (OFWs) are seeking greater influence over how their remittances are spent, especially on nonessential expenses, according to a new study by Boston Consulting Group (BCG).
In its inaugural “The Filipino Abroad” report, which surveyed 1,337 OFWs across the United States, United Kingdom, Middle East and Asia, BCG found that many Filipinos working abroad continue to play an active role in family decision-making despite the physical distance.
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This comes even as less than half of the surveyed OFWs consistently monitor how the money is used after it reaches their families. Only 8 percent said they always ask for receipts, while 10 percent said they regularly ask another person to verify spending.FEATURED STORIES
