Unseen Struggles on the Financial Challenges Faced by Single Parents

Raising a child as a single parent is an exceptionally challenging task, often more difficult than in two-parent households. While general parenting difficulties are well-known, the financial burdens unique to single parents are less visible and less understood. This study aims to shed light on these hidden challenges by exploring the financial difficulties single parents face and their impact on well-being. The research focuses on understanding the financial issues encountered by single parents in managing finances while raising children alone. Using a qualitative approach, the study gathered data through open-ended, semi-structured interviews with 55 single parents in Hagonoy, Bulacan, Philippines. Surveys and interviews were conducted with single parents from diverse socioeconomic backgrounds to understand the factors that contribute to their financial hardships. Thematic analysis was employed to identify significant themes and patterns, helping to uncover shared experiences among participants. The study finds that single parents often experience financial stress due to insufficient income, lack of support systems, and the pressures of balancing work and childcare. Additionally, the research highlights the impact of limited financial literacy and access to resources, which exacerbate their struggles. The findings emphasize the need for targeted financial education programs, better social support systems, and policies that offer financial relief and stability to single-parent households. The study contributes to a deeper understanding of the financial challenges faced by single parents, offering recommendations to improve their financial resilience and overall well-being.