The Financial Needs and Stability Assessment of Residents in a Certain Local Community

Abstract

This research was constructed in order to assess the financial needs and stability of residents in a certain local community. Furthermore, It seeks to identify the current financial needs in order to propose a project plan to be presented to the community leaders. The research designs used in this research is descriptive statistics. A total of 70 respondents were involved in the study. After the data has been gathered, the needed information was evaluated and computed to answer the objectives of this study. The results of this study show that food and water are the most needed by the residents. Seasonal work is the eminent job. There is low financial stability among the residents because of different financial problems and a strong reliance on loans and pawning. There is a grave problem in the community regarding financial needs and stability. Factors that explain this finding include instability due to being away from their root and lack of education which are the usual case among urban informal settlers.