1 out of 10 OFWs financially broke: study

By Macel Ingles, ABS-CBN Europe News Bureau and U.S. News Agency / Asian
(www.usnewslasvegas.com, Nov. 12, 2011)

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 The study made by the Social Enterprise Development Partnerships Inc. (SEDPI) also showed that most or around 80% of Filipinos working abroad overspend on investments on houses and home improvements.

Also, 8 out of 10 do not have savings and are unable to prepare for their retirement or return to the country and are caught in a cycle of debt and poverty
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According to Vincent Rapisura, CEO of SEDPI, it is a sad phenomenon that OFWs do not enjoy financial stability despite years of working abroad.
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Read more: 1 out of 10 OFWs financially broke: study
(Source: http://www.usnewslasvegas.com)