That pushes Thai further into debt trap vortex
of Thai (25million) are indebted , 520, 000 THB on averagPeersonal loan (39%) Credit card (29%)
37 %
58 %
of first jobbers (25-29) have debts, 1 in 4 of them are unable to pay back (NPLs)
30 %
10-25 time credit limit
of debtors hold more than 4 cards
80 %
of borrowers complaints about uninformed or misinformed terms
of Thai do not have emergency saving, 1 in 2 couldn ’ t afford debt payment if income were to fall by 20%
62 %
of people age of 60 are still in debt average 415,000 per person.
1/4
40% of credit card holders choose to pay minimum rate (3%)
Have informal debt, averaging 54,300 THB per person of a random sample of over 4,600 households
42 %*
Source : Bank of Thailand, 2023
The deteriorated quality of life lead to fragile family relationship
Their quality of life are below par
that affects relationship within their families
therefore need to find way to earn more
Reduce Expenses
75%
31
increase income by working more than1 jobs
47%
54%
Somewhat Good
64 %
Fairly average
15%
Invest more
12
Poor Somewhat Poor
2
11%
Get loan
Excellent
8
56%
9%
Sell their asset
agree
neutral
disagree
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