E ISSN: 2583-049X

International Journal of Advanced Multidisciplinary Research and Studies

Volume 4, Issue 3, 2024

Navigating Financial Struggle: The Ripple Effect of Inflation Rates on Working Students

Author(s): Althea Grace D, Valerie Mae R, Lazaro Bryan Louis G

DOI: https://doi.org/10.62225/2583049X.2024.4.3.2862


The presented study, with the title of Navigating Financial Struggle: The Ripple Effects of Inflation Rates on Working Students. A phenomenological study analyzed and provided knowledge about the effects of inflation rate to working students and how they respond to the effects of inflation and what strategies they employ to cope with the financial pressures they are facing and what practices the working students should do in times of crisis in inflation rate. In this paper students will learn about how to deal or to meet the economic high demand and for them to contemplate the current situation. Using qualitative data where six (6) interviewees served as participants for the qualitative part, and ten (10) served as participants in quantitative data. The respondents are selected by accidental/ or convenience sampling technique. Researchers demonstrated in the findings of this study that the working students are really affected by the rising inflation rate in their lives as students and as workers at the same time and what are the things that’s affecting the working students' performance between academic and work.

Keywords: Financial Support, Challenges and Barriers, Budgeting, Balancing academic Goals and Work, Strategies on Saving Money, Effects of Inflation

Pages: 856-862

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