Filipina women are carrying the bulk of household financial responsibilities but face growing challenges in securing their own long-term financial future, according to a new study by Sun Life Philippines.

In a statement on Tuesday, April 21, Sun Life Philippines said its “Women’s Wealth in Focus” report found that 51 percent of Filipinas solely manage their household’s daily finances, while 85 percent expect to support their parents’ elderly care. However, only 20 percent are setting aside at least 10 percent of their income for such needs, underscoring gaps in long-term financial planning.

Sun Life said these caregiving responsibilities create a “triple penalty” for women—affecting financial security, career progression, and personal wellbeing. The study showed that 83 percent view caregiving as a barrier to improving their finances, while 68 percent said it limits their professional growth and ability to prioritize self-care.

As a result, many women are making trade-offs, with 75 percent cutting back on leisure and travel, 26 percent reporting limited investment opportunities, and 25 percent taking on debt or loans. Healthcare costs also remain a major concern, with 67 percent citing them as a top financial obstacle and 70 percent admitting they have occasionally skipped medical treatment to support their families.

Despite these constraints, Filipinas continue to play a dominant role in financial decision-making, with 59 percent having the final say on household finances, rising to 87 percent among primary breadwinners. About 77 percent actively manage day-to-day expenses, and 65 percent say they are financially better off than their mothers.

However, confidence declines over the long term. While 54 percent feel prepared to cover basic expenses up to age 75, only 27 percent believe they can sustain themselves beyond age 90, and just nine percent feel very prepared for unexpected life events.

“Filipinas need—and deserve—support that’s not only accessible but also tailored to their unique circumstances,” said Carla Gonzalez-Chong, Sun Life chief client experience and marketing officer.

She added that the company is expanding financial literacy tools, advisory services, and insurance solutions to help women balance family obligations with personal financial goals.

“We have financial literacy content and planning tools that can help women build confidence and take action,” Gonzalez-Chong said. “Expert financial advice as well as health and insurance solutions are available, protecting both family wellbeing and personal finances.”

Sun Life also highlighted career pathways within the company, noting that women make up 73 percent of its financial advisors and hold 51 percent of senior leadership roles.

“At Sun Life, we aim to help build pathways to greater financial security for every Filipina,” Gonzalez-Chong said. “When women have the resources and confidence to plan for their own futures while managing family care, everyone benefits. We see stronger families, more resilient communities, and a brighter tomorrow for more Filipinos.”

The study was based on online interviews conducted in January 2026 with 3,001 women across several Asian markets, including the Philippines.