OFWs: Beating the Odds and Finding Solace When Life on Pause During Pandemic

It is the Old Saviors that Needed Saving

 

October of last year, 2021, the Treasury of Capital Market Strategy shows that OFWs securing RTB ranges from at least 200,000 to 800,000. It’s their way of earning and also to help the country’s financial state and the economy.

Apart from government security investment, a study shows that a large portion of investments being allotted by OFWs is an investment in real estate. This might be a lot riskier and more volatile option of investment, but they consider it a steady and long-term growth. Aside from its value appreciation, it is also a safe opportunity for OFWs to allot their remittances. They could also consider pooled investments such as mutual and trust funds. 

It is clear that the pandemic is forcing local public and private sectors and creatively piece together long-overdue reforms to create and sustain local jobs and support families now battling multiple rounds of economic displacement. The old, romanticized rhetoric of OFWs as long-suffering heroes is no longer tenable-this time, it is the old saviors that need saving.

Pandemic indeed caused a lot of tremendous downfalls not only for an OFW but the entire global sector. While the economy is recovering, OFWs also choose their own way of survival and securing their future. As an OFW, investment is a way of growing your nest egg. All the hard work, perseverance, and courage are taken to work miles away with their families and loved ones must end and result in a fruitful future, may there be a pandemic or not.

 

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