The digital cross-borders app found in its 3rd year of mounting the survey that the cost of school supplies in the Philippine rose 16 percent while comparing the price of uniforms, stationery and extra supplies like bags-- READ MORE:
The digital cross-borders app found in its 3rd year of mounting the survey that the cost of school supplies in the Philippine rose 16 percent while comparing the price of uniforms, stationery and extra supplies like bags across 21 countries from 2022 to 2023.
Figures revealed by the study showed that overseas remittances sent from June and July are traditionally higher compared to other months of the year to pay for tuition fees and school supplies in preparation for the opening of classes in August. The app cited data from the United Nations stating that 1 in 9 people worldwide rely on money sent from friends and relatives who have migrated abroad for work. According to Social Weather Stations, 7 percent of Filipino households have an OFW family member working abroad and about 75 percent say that family members working overseas regularly send money back home.
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