Financial literacy and economic decision-making by returning overseas migrants: Exploratory case studies of negotiation within Filipino households

Abstract

This case study research looks at how four returning overseas Filipino workers in an urban community in the Philippines negotiate their economic roles while reintegrating into their households. The Family Financial Socialisation Conceptual Model was used to analyse the cases, data for which were drawn from key informant interviews using doodling and an object-centred interview guide. Overseas migration reveals a transnationally managed household finances. When returnees come home, they negotiate their relevance as household economic agents in various ways. But as these cases reveal, family dynamics lead to household money management situations in which returnees negotiate trust in handling money through dialogues with family members.