The Sona and financial literacy
One of the critical policy statements released by President Duterte during his first State of the Nation Address was this mandate: “A mandatory financial education for all migrant families and their communities shall be pursued.” This was not highlighted by the analysts and the media, and was drowned in with other statements stressed by the President. However, to researchers in economic and financial literacy, this is an important pronouncement; it is actually one of the policy outcomes that have been coming out in our studies. Similarly, other national studies have impliedly shown the need for financial education. Our take is that it would be critical to not just focus on overseas Filipinos and their families but push for this policy to a broader scale, including everyone.