Filipinos still lacking financial preparedness
MANY Filipinos still lack adequate overall financial preparedness despite having a clear understanding of priorities, a Sun Life Grepa Financial Inc. study found.Majority of the respondents in the firm's 2023 Financial Readiness Survey indicated a lack of financial readiness — full preparedness was less than 10 percent — in obtaining protection for their goals and needs.Thirty-four percent said they were fully or somewhat prepared with regard to emergency funds, 32 percent each said so for major goals and personal health, and 30 percent made the claim for investments.Earning and saving inc...