The Role of Financial Literacy in Preventing Investment Scams: Awareness and Vulnerability among Teachers in Northern Philippines

Abstract

This study explores the role of financial literacy in protecting teachers from investment scams employing the descriptive research design. Quantitative data were analyzed using frequency counts and percentages and gathered through an online survey of thirty (30) participants , including in-service teachers from the schools division of Ilocos Norte and Social Studies teachers who are enrolled under the Master of Arts in Education program. Findings reveal that while the majority of teachers are familiar with basic financial concepts and aware of investment scams, a significant number have still encountered or fallen victim to fraudulent schemes. All respondents agreed that financial knowledge plays a key role in scam prevention. Respondents identified financial education and training as the most effective strategies, followed by awareness campaigns and personal vigilance. The study highlights the urgent need for strengthened financial literacy programs and institutional support to better equip teachers in identifying and avoiding investment scams.