A recent survey of international money firm Transfast released its findings that say most Filipinos in the United States say they are overqualified for their jobs.
Overqualified is defined as being skilled or educated beyond what is necessary for a job.
Transfast’s survey showed that over 80% of the 400 Filipino respondents they surveyed say they have more skills and have higher educational background than what is required for their jobs. These respondents were Filipinos who remit their salaries to the Philippines.
Out of the 320 respondents, 72% of them described their workplace in the US as more stressful as their previous workplaces in the Philippines.
Around 61% claimed they earned what they expected in the US, while 21% said they earn less and 18% earned more than what they expected.
Around 72% of that 320 respondents feel that they work longer hours to earn that income, of which 54% work more than 40 hours a week. Only 28% claimed they work less than those 40 hours.
Despite these findings, 93% of the respondents still believed in the fact that the United States is the land of opportunity. According to these respondents, their US workplace offers more opportunities than their Philippine workplaces.
All of the survey respondents send money home using a computer and/or a mobile phone. About 7.5% of these respondents use the rest of their money as investment opportunities such as real estate or to save for retirement.
Meanwhile, 53% of Filipino respondents said they still plan on going home while 18% of the general population of US immigrants said they plan to retire in their home country, Around 31% said they plan to retire in the US while 8% answered they plan to work “until I drop.”