ONE of the advocacies of Finex is the Financial Literacy Program that is being run by the Social Involvement Committee. This program tries to address one of the reasons why many Filipinos remain poor. This article describes the cycle of poverty and how financial literacy could play a key role in alleviating it.

According to the latest survey conducted by the Social Weather Stations (SWS) last March 2024, 46 percent of families said they were poor, and 33 percent said they were on the borderline. This 46 percent translates to around 12.9 million families in the country.