While there were other countries that had lower scores, the result was disturbing for us nevertheless. It was an indication that over the long term our countrymen may miss out on the opportunities that development brings or worse, be unprepared to weather financial uncertainties that may arise in the future.
These results provided us with the strong resolve to broaden and deepen our financial education program. Since then, the Bangko Sentral ng Pilipinas has been implementing an integrated economic and financial learning program that covers different segments of our society – from students to young adults to overseas Filipinos and their families to teachers and parents as well as the unbanked and the underbanked.