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  1. #1
    Thailand Expat
    William's Avatar
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    Poll: 60% of workers are severely in debt

    Poll: 60% of workers are severely in debt

    Sixty per cent of Thai workers shoulder an average debt of more than 100,000 baht each, a survey has found. The findings came from a poll of 3,468 workers which the Thai Health Promotion Foundation and Abac Poll Research Centre jointly conducted in 13 provinces nationwide, said Penpan Jitasaeni, who heads the foundation's learning and health promotion office. They found indebtedness was the workers' biggest concern.

    Around 60% of those questioned were severely in debt, to an average of 116,000 baht. A quarter of those surveyed owed money to loan sharks.
    Although 40% felt they could not made ends meet, one in three spent 815 baht a month on alcohol. Slightly less than half spent 395 baht on the lottery each month. Ms Penpan voiced concern that almost half of the workers felt stressed by work and 7% had thought of suicide

  2. #2
    Member The_Dude's Avatar
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    Are you saying that people live or spend beyond thier means? And, if so this may very well apply to the rest of the civlized world due to commercialism and capitalistic ways.

    The Dude.

  3. #3
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    ^^
    The report would confirm my anecdotal evidence surprising then that i read in the press this last week that the GSB is being encouraged by the government to make more loans and particularly at the grass roots level

  4. #4
    punk douche bag
    ChiangMai noon's Avatar
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    I'm quite surprised that the average debt is so low.
    I know quite a few people on around 10,000 a month who have new 700,000 baht cars.

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