Finance-related questions are a routine part of the weekly Garment Worker Diaries surveys. Regarding savings, we have a very good sense from week to week how much money garment workers deposit into either a bank or a home account and how much they withdraw. Even so, there are a lot of things that may be going on in the household that may mean that the balance of deposits and withdrawals does not give us a full picture of their situation at the end of each month.
So, we started asking them to track their final savings from month to month, and then asked them why they are saving, and when they plan to spend their savings. This week’s blog is the first to present these new kinds of savings data. In the future, we will dig into these data more as we explore workers’ savings behavior from a number of different angles.
As always, you can send any questions you have for MFO, SANEM, the workers or about the project to [email protected].
