Saturday 13 October 2007

Remittances raise OFW families' economic status

Thanks to remittances from Filipinos working abroad, some 265,000 Filipino families have now joined the middle class, the latest study by the media research firm Nielsen Media Research Philippines showed.

Jay Bautista, executive director of Nielsen Media Research - Philippines, said some 25 percent of the official 1,063 OFWs deployed in 2006 have now been lifted from poverty.The number of OFWs came from the Philippine Overseas Employment Agency. However, estimates have placed overseas Filipino population at around 12 million, including the undocumented workers.“In effect, they are the real heroes.

We have lesser number of poor Filipinos because of them," Bautista said.The study had a sample size of 300 OFW families located in key cities in the country. [Read more]

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