THE PSYCHOLOGICAL IMPACT OF SELECTED GOVERNMENT FINANCIAL SUPPORTS TO BENEFICIARIES RESIDING IN BARANGAY 180

Abstract

This study investigates the psychological effects of government financial support programs in the Philippines, specifically focusing on their impact on the well-being and mental health of residents in Barangay 180. While these programs are intended to reduce poverty and improve living standards, their psychological outcomes have not been extensively explored. By examining how financial assistance influences mental health and overall well-being, this research aims to provide a deeper understanding of the broader, holistic benefits of financial aid, extending beyond the immediate economic relief it provides to beneficiaries. This study utilized a qualitative phenomenological approach to explore the lived experiences of residents benefiting from government financial support programs in Barangay 180. Through targeted sampling, in-depth interviews were conducted, focusing on participants' demographics, financial behaviors, mental well-being, and aspirations. The qualitative data were then analyzed to identify common themes and insights that shed light on the psychological impacts of financial assistance, providing a deeper understanding of its broader effects on beneficiaries. The findings of this study revealed significant positive changes in the lives of beneficiaries of government financial support programs. These changes included greater financial stability, an improved mental outlook, better health, educational advancements, and increased life satisfaction. These outcomes suggest that government financial assistance programs not only improve economic conditions but also have a profound impact on the psychological and emotional well-being of beneficiaries, highlighting the broader, holistic benefits of such programs beyond their direct financial impact. This research underscores the significant psychological benefits of government financial support programs. Beneficiaries reported enhanced mental and emotional well-being, greater life satisfaction, and a more positive outlook on their future. These improvements in psychological health are crucial for the overall success of poverty alleviation initiatives and suggest that financial assistance has broader effects than previously recognized. The study highlights the importance of incorporating psychological factors in the design and evaluation of government support programs. The findings offer valuable insights for policymakers, administrators, and community leaders, helping them create more holistic and supportive interventions. By considering these psychological dimensions, future programs can foster environments that not only alleviate poverty but also promote mental and emotional well-being in communities across the Philippines.