Financial Literacy among Pantawid Pamilyang Pilipino Program (4Ps) Beneficiaries

Abstract

Financial literacy is essential for empowering individuals to manage resources effectively, make informed decisions, and achieve economic stability. Yet, limited research has examined the financial literacy of marginalized groups such as Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries, who face distinct economic challenges. To address this gap, this study assessed the financial literacy of 4Ps beneficiaries using a quantitative descriptive method. Data were collected through a complete enumeration survey, with most respondents having low income, high school education, and small family sizes. Findings revealed very high levels of financial skills, knowledge, and values, while financial attitude, behavior, and awareness were rated high. Overall financial literacy was also high, with an average mean score of 4.17. ANOVA results indicated no significant differences in financial literacy when grouped by education, occupation, income, family living arrangements, or number of children, suggesting uniformity across demographics. The study concluded that 4Ps beneficiaries possess strong financial literacy, particularly in skills, knowledge, and values, but need improvement in financial attitude. It is recommended that targeted financial literacy programs emphasize budgeting, expense reduction, emergency saving, and financial coaching. Future research should explore barriers that hinder effective record-keeping, budgeting practices, and sustained engagement with government support programs.