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Submitted by TruePinoy on
Culturally, Filipinos have unwritten laws to always look back to their families back home because we want to share to our family what we have experienced here even though we know that sometimes they are going beyond. Whether there is a recession or not, typical Filipinos would always remit a part of their income even if it means slashing our meal budget here abroad. Interesting but it's true. We are not sending money back home from our Disposable Income but really from a fraction of our take home pay. We can afford to experience the recession but we can't afford to see our families back home suffer since we know they suffer there more than us here abroad. I believe that this is a concept that your analysis greatly missed. As resilient race as we are, we will always find ways how to send money back home.