Parents estimated to spend Bt40bn-Bt50bn with semester 2020 about to begin

[webfact]

Parents estimated to spend Bt40bn-Bt50bn with semester 2020 about to begin

By THE NATION

 

 

The University of the Thai Chamber of Commerce’s Centre for Economic and Business Forecasting estimates parents will spend Bt40 billion to Bt50 billion during the start of semester 2020, a decrease of Bt5 billion to Bt10 billion compared to the last semester due to the Covid-19 situation, centre director Thanawat Pholwichai said.

 

“The impact of the outbreak has caused parents to be more cautious about their spending, as many have no jobs now or have seen their salaries cut,” he said. “Our survey also revealed that this month [June] fewer people pawned their valuables such as gold, watches, electrical appliances and antiques, compared to the same period last year, mainly because they have already pawned or sold these items since early this year when the crisis began to take effect,” he added.

 

“The same goes for personal loan applications via credit cards, which are not as high as last year’s, as many have already maxed out their limit,” Thanawat said.

 

He said other factors that contribute to the decreasing educational expenses are the government’s order to postpone the pre-school semester by another year for the safety of children, and that many tuition schools are still closed due to the economic impact and lack of readiness to maintain social distancing.

 

“Most importantly, many schools have decided to reduce or even scrap their commission fee, which is normally collected from parents when their children enter new schools,” he pointed out.

 

“Many parents are worried about their expenses, debts and economic uncertainty after the outbreak,” he said. “We estimate that each household would try to reduce their expenses by 10-20 per cent, which is in line with the declining consumer confidence index.”

 

Last year, the centre said expenses of parents during the start of the semester amounted to Bt57.97 billion, while they spent on average Bt3,933 in off-campus tuition fees per child at the preschool level, Bt8,455 for the primary school level, Bt13,358 for secondary school, Bt11,566 for high school and Bt23,458 for college level.

 

The survey also revealed that parents decided to give their kids extra tuition to improve their GPA and their chance of getting into a good school at the next level.

 

Source: https://www.nationthailand.com/news/30390519

 

-- © Copyright The Nation Thailand 2020-06-30

 

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[hotchilli]

6 hours ago, webfact said:

The University of the Thai Chamber of Commerce’s Centre for Economic and Business Forecasting estimates parents will spend Bt40 billion to Bt50 billion during the start of semester 2020

So did those numbers come out of the hat before or after the rabbit?

[Yorkshire Tea]

Thanks for the reminder about school starting tomorrow. Just nipped out & bought my boy a pencil.  Guess I'm part of that 40 to 50 billion baht ???? 

[EVENKEEL]

1 hour ago, Yorkshire Tea said:

Thanks for the reminder about school starting tomorrow. Just nipped out & bought my boy a pencil.  Guess I'm part of that 40 to 50 billion baht ???? 

Lucky boy, I instructed my daughter to nick what she needs from the rich kids.

[djayz]

If they are in any way concerned about the financial burden a lot of these parents have to carry, then they should do away with the need for so many different uniforms. Why, oh why, is "scout day" a part of the school curriculum and why have a "sports day"??? That's 2 extra uniforms + 2 extra pairs of shoes. 

One uniform, Mon. - Fri., period! 

Sports can be played after school in their normal/casual shorts and T-shirts. 

I'd love to know who owns all those uniform making sweat shops. 

[BritManToo]

My 8yos 'free government school' want, 3k for uniforms and shoes plus 4k5 in extras.

Had to pay the 3k today, got until the 10th to find the 4k5.

 

The misses has a pal who sells fruit on a market stall with 2 kids at the same school, she needs to find 15k.

[rvaviator]

1 hour ago, EVENKEEL said:

Lucky boy, I instructed my daughter to nick what she needs from the rich kids.

Take from the rich and give to the poor ?  Sounds a bit like socialism in the making .. no ? ????

 

[EVENKEEL]

13 minutes ago, rvaviator said:

Take from the rich and give to the poor ?  Sounds a bit like socialism in the making .. no ? ????

 

Yeah, to bad it's just a joke. Spent and spent on all the stupid little things.