Perceived Impact of Modern-Day Inflation on the Budget Consumption and Decisions of Senior High School Learners
Robert Julius Lastimosa | Jasmine Kate Hornada | Ayessa Leigh B. Sedik | Carlos F. Gaygay Jr
Abstract:
Inflation has affected numerous aspects of living globally, and this consistent drop in purchasing power has been attributed to the rise of overall prices of goods, leading to greater challenges in global living standards. There have been numerous studies indicating the impact of inflation amongst many stakeholders, but in this study, the objective is to assess whether it also affected the learners of a selected institution in the same way. Hence, a descriptive-correlational design was utilized to describe and correlate the levels of perceived assessment on modern-day inflation and the perceived changes in the budget consumption and decisions of Senior High School learners in the period of 2022. A structured Likert scale survey questionnaire adopted from the study of Avila & Gatpolintan (2019) was distributed to a sample of 282 respondents using simple random sampling. The data were analyzed using descriptive statistics for the first two objectives and Pearson r correlation for the third. The study revealed a very high level of agreement in the price increase brought by their perceptions toward modern-day inflation, a very high level of agreement on their perceived changes toward expenditures, and a high level for their preferences and quantity of consumption. The study also noted a moderate positive correlation (p<0.05) between the two variables, indicating that the learners' budgeting behaviors are influenced by their assessment of rising prices and that their perceptions have also been influenced by how they chose and quantified their necessities, respectively
References:
- Republic Act No. 8972 (2000): The Solo Parents Act of 2000. An Act Providing for the Benefits and Privileges to Solo Parents and their Children, Appropriating Funds Therefor and for Other Purposes.
- CNN Philippines Life (2018). The Cost of Being a Single Mother in the Philippines.
- Crossman,A. (2020). An Overview of Qualita-tive Research Methods.
- MacClune, K & McGinn, C (2017). Design, Moni-toring, Evaluation and Learning for Cli-mate Resilience: A Guidance Paper for the Philippines.
- Orbeta ,A.C. Jr, & Paqueo, V.B (2016). Pantawid Pamilyang Pilipino Program: Boom or Bane? (pp.2-3 PIDS Discussion Paper Se-ries No. 2016-056) Quezon City,Philippines: Philippines Institute for Development Studies
- Republic Act No. 11861 (2022): The Expanded Solo Parents’ Welfare Act.
- Republic Act No. 8972 (2000): The Solo Par-ents Act of 2000. An Act Providing for the Benefits and Privileges to Solo Parents and their Children, Appropriating Funds Therefor and for Other Purposes.
- Santos, T. (2015). Mixed methods research methodologies. The Qualitative Report.
- The Spaced-Out Scientist (2017). Single Par-ents Worldwide: Statistics and Trends.
- Republic Act No. 11861 (2022): The Expanded Solo Parents’ Welfare Act.
- CNN Philippines Life (2018). The Cost of Being a Single Mother in the Philippines.
- The Spaced-Out Scientist (2017). Single Parents Worldwide: Statistics and Trends.
- Crossman,A. (2020). An Overview of Qualitative Research Methods.
- Santos, T. (2015). Mixed methods research methodologies. The Qualitative Report.
- Orbeta ,A.C. Jr, & Paqueo, V.B (2016). Pantawid Pamilyang Pilipino Program: Boom or Bane? (pp.2-3 PIDS Discussion Paper Series No. 2016-056) Quezon City,Philippines: Philippines Institute for Development Studies
- MacClune, K & McGinn, C (2017). Design, Monitoring, Evaluation and Learning for Climate Resilience: A Guidance Paper for the Philippines.
Philippine E-Journals
