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  1. #1
    Thailand Expat misskit's Avatar
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    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

  2. #2
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    ask the pm.to help ease "THAI TEACHERS" mandatory ins. go fund me,beg,sell the bmw.

  3. #3
    Hangin' Around cyrille's Avatar
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    Taking time out from your pitiful whining to stick the boot in, eh?

    Nice.

  4. #4
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    Quote Originally Posted by headhunter View Post
    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?

  5. #5
    Thailand Expat Pragmatic's Avatar
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    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.

  6. #6
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    What is the Cremation Welfare Fund and how did it assist them getting loans to buy houses and cars ?

  7. #7
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Fondles View Post
    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?

  8. #8
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    Thai debt management is an oxymoron.

    The Government Savings Bank lends up to 3 million baht to teachers wishing to finance house and car purchases and business ventures based on an average income ranging from 15,000 to 40,000 baht per month

    Whoudda thunked there would be a problem......

    Apparently, indebted teachers suckling on the teat of this insane borrowing account for 12% of all personal debt.


    The sheer stupidity is colossal.

    Th dumbest country in the region.
    Last edited by Seekingasylum; 02-02-2020 at 11:54 AM.

  9. #9
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    Quote Originally Posted by cyrille View Post
    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 ?

  10. #10
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Fondles View Post
    . do they owe hundreds of thousands on credit cards ?
    More than likely.

  11. #11
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    Quote Originally Posted by Pragmatic View Post
    More than likely.
    And I'll bet they are too dumb to cut them up.

  12. #12
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    Quote Originally Posted by cyrille View Post
    Who says it did, apart from headhunter?

    I tink u no understandy English.

  13. #13
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    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...

  14. #14
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    Quote Originally Posted by aging one View Post
    Help dogs but not the low paid teachers eh mate?
    cause dogs don't borrow to buy cars,bikes and the odd mia noi.

  15. #15
    Thailand Expat Pragmatic's Avatar
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    Quote Originally Posted by Farang Ky Ay View Post
    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.

  16. #16
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Fondles View Post
    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.

  17. #17
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    Quote Originally Posted by cyrille View Post
    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 !!

  18. #18
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Fondles View Post
    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...'

  19. #19
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    Quote Originally Posted by cyrille View Post
    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 !!

  20. #20
    Hangin' Around cyrille's Avatar
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    Quote Originally Posted by Fondles View Post
    According to you it ai'nt house's or car's !!



    Thai Teachers Committing Suicide Over Mounting Debt Burdens-depositphotos_287911862-stock-video-man-digging-deep

  21. #21
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    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.?

  22. #22
    Hangin' Around cyrille's Avatar
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    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."

  23. #23
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    The reason why many fek themselves up is because they can borrow against there pensions.

  24. #24
    ความรู้ลึกลับ HuangLao's Avatar
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    Quote Originally Posted by Pragmatic View Post
    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.

  25. #25
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    ^ Agree, it's an important perk, always mentioned when discussing about this job. I know a few Thai teachers, some are family others neighbors or friends...all of them have debts. Only one, the youngest, has what I consider a justified debt: she bought a 2nd hand Vios to get to work (30km from her home on mountain "highway").


    TBH the debt issue seems more prevalent here than in most western countries, even the ones were living on loans/credit cards is kind of the way of life (financial crisis surely "helped").

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