Thread: Thai Teachers Committing Suicide Over Mounting Debt Burdens

The Thai Teachers Development Association has appealed to an MP to ask the prime minister to help ease “Thai Teachers” debt burdens. The appeal was made through New Palang Dharma Party MP Ravee Machamadol Friday.


Ravee said some 400,000 Thai teachers were in debt because of the Cremation Welfare Fund. A project that was designed to aid school personnel in need. The project fund is also affecting 45 million students and their parents, he said.


“The debt problem is at a critical level,” he said. “Teachers’ houses and assets have been confiscated because they were unable to repay loans. Even more leaving some Thai teachers stressed out and sick. In the three worst cases, Thai teachers committing suicide.”

Ravee said the Administrative Court had ordered 70 per cent of Thai teachers’ pay garnisheed to pay off their debts. Placing a huge burden on retired teachers whose pension are less than their previous salary.

MORE Thai Teachers Committing Suicide Over Mounting Debt Burdens

ask the pm.to help ease "THAI TEACHERS" mandatory ins. go fund me,beg,sell the bmw.

Taking time out from your pitiful whining to stick the boot in, eh?

Nice.

Originally Posted by headhunter

ask the pm.to help ease "THAI TEACHERS" mandatory ins. go fund me,beg,sell the bmw.

Help dogs but not the low paid teachers eh mate?

Originally Posted by aging one

Help dogs but not the low paid teachers eh mate?

cause dogs don't borrow to buy cars,bikes and the odd mia noi.

Why just teachers? Seems to be happening across the board. An auxiliary nurse's dog bit a jogger quite badly in the village. She was told to pay compensation. She hung herself instead. No money.

Originally Posted by Pragmatic

Why just teachers? Seems to be happening across the board. An auxiliary nurse's dog bit a jogger quite badly in the village. She was told to pay compensation. She hung herself instead. No money.

There's an understanding as to why many go into education.
Traditionally, easy to secure loan after loan without suspicions rising or questions asked.

The backed up personal debt within this field is quite astounding.

What is the Cremation Welfare Fund and how did it assist them getting loans to buy houses and cars ?

Originally Posted by Fondles

What is the Cremation Welfare Fund and how did it assist them getting loans to buy houses and cars ?

Who says it did, apart from headhunter?

Originally Posted by cyrille

Who says it did, apart from headhunter?

The article says they are in debt because of the fund.... if its not houses and cars what debt is it.... do they owe hundreds of thousands on credit cards ?

Originally Posted by cyrille

Who says it did, apart from headhunter?

I tink u no understandy English.

Originally Posted by Fondles

. do they owe hundreds of thousands on credit cards ?

More than likely.

Originally Posted by Pragmatic

More than likely.

And I'll bet they are too dumb to cut them up.

If I get the teacher's logic stated here, government should help teachers because it made loans available to them...

It's not proper to Thailand, public workers where I used to be had a higher debt rate than private sector employees because both them and the banks thought that they will be able to pay back the loans because of job security and scheduled pay raises based on seniority...

Originally Posted by Farang Ky Ay

It's not proper to Thailand, public workers where I used to be had a higher debt rate than private sector employees because both them and the banks thought that they will be able to pay back the loans because of job security and scheduled pay raises based on seniority...

I do not understand this about the government helping out the teachers financially. The teachers, nurses, police etc all have Credit Unions to help with finance. Low cost loans are given and paid back by the employer each pay day. The borrower doesn't pay it back directly other than through his employer. Which guarantees repayment.

Originally Posted by Pragmatic

I do not understand this about the government helping out the teachers financially. The teachers, nurses, police etc all have Credit Unions to help with finance. Low cost loans are given and paid back by the employer each pay day. The borrower doesn't pay it back directly other than through his employer. Which guarantees repayment.

This is another route to borrow money but they have the added expense of having to also buy life insurance from an insurance company, and I suppose the added cost of the insurance premiums make it more difficult to make ends meet and/or pay back the loan.


โครงการสวัสดิการเงินกู้การฌาปนกิจสงเคราะห์

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Originally Posted by Fondles

The article says they are in debt because of the fund.... if its not houses and cars what debt is it.... do they owe hundreds of thousands on credit cards?

I don't know.

You seem to though, so what is there in the text that told you?

Caution: Thicko is on your side.

Originally Posted by cyrille

I don't know.

You seem to though, so what is there in the text that told you?

Caution: Thicko is on your side.

And yet your the moron saying the debt is not cars or houses..... go figure !!

Originally Posted by Fondles

And yet your the moron saying the debt is not cars or houses..... go figure !!

You'll apparently have great difficulty 'figuring' it, because your starting point is something that I have not said.

I simply asked you where in the article it says what these teachers spent the money on.

And it's 'you're the moron...'

Originally Posted by cyrille

Y

I simply asked you where in the article it says what these teachers spent the money on.

According to you it ai'nt house's or car's !!

Originally Posted by Fondles

According to you it ai'nt house's or car's !!

just who is to blame? household debt is at an all time high,banks NPLS are also at a record high,tv.adverts,every 10minutes there are new cars avertised,just looking at the english supplement newspaper,new cars for the thai market,one 2.6million bht.and the other 3million.there,s the debt that is driving thais to commit suicide and just think who is responsible.?

Do you think none of those people was just struggling to get by on meagre resources, rather than looking for free money so that they could go on a joyride?

Why does an advertisement for an expensive car in a country with millions of poor people in debt suggest to you that the poor people are all indisciplined spendthrifts, rather than the sensible conclusion that the country has vastly unequal wealth distribution?

You seem out of touch and incapable of empathy with humans. Aldous Huxley once remarked "To every dog his master is Napoleon. Hence the popularity of dogs."

The reason why many fek themselves up is because they can borrow against there pensions.