snoop1130 Posted August 23, 2021 Share Posted August 23, 2021 BANGKOK (NNT) - A Suan Dusit University opinion poll has found that Thai people are dipping into their savings, while their expenses have increased during the COVID-19 pandemic. According to the poll on “The expenditure of Thai people in the era of the COVID-19 crisis”, taken between August 16th and 19th, 40.22% of respondents reported an increase in expenses, 83.57% used their salary to pay their expenses and 42.63% had to use some of their savings. Regarding what the government should do to help them cover expenses, with respondents allowed to choose more than one answer, 86.41% wanted authorities to lower water, electricity, internet and fuel prices, 76.86% to lower the cost of living and control commodity prices, 71.64% to provide equal compensation to all, 61.85% to enact a debt moratorium and interest rate reduction and 51.82% to make low-priced goods available in some areas. Meanwhile, the poll respondents urged the government to solve the issues, as some people will only be able to support themselves for another three months. Discover Cigna’s range of health insurance solutions created for expats and local nationals living in Thailand - click to view -- © Copyright NNT 2021-08-23 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post hotchilli Posted August 24, 2021 Popular Post Share Posted August 24, 2021 13 hours ago, snoop1130 said: A Suan Dusit University opinion poll has found that Thai people are dipping into their savings, while their expenses have increased during the COVID-19 pandemic They needed a survey to find that out? 4 Link to comment Share on other sites More sharing options...
Popular Post Aussieroaming Posted August 24, 2021 Popular Post Share Posted August 24, 2021 I can only imagine how many default loans there must be within the banking and financial sector due to customers financial stress. I wonder how long before that starts to impact the on the liquidity of some financial institutions. 3 Link to comment Share on other sites More sharing options...
Caldera Posted August 24, 2021 Share Posted August 24, 2021 I don't get why their expenses have increased. If they had said that their income has decreased, I'd understand the need to dip into savings or to go (deeper) into debt, but increased expenses? What exactly are people spending that extra money for? Living in Bangkok, I currently couldn't spend more even if I tried, as there's sweet nothing to do! Link to comment Share on other sites More sharing options...
Scott Tracy Posted August 24, 2021 Share Posted August 24, 2021 Another 'No <deleted> Sherlock' moment. 1 Link to comment Share on other sites More sharing options...
TheAppletons Posted August 24, 2021 Share Posted August 24, 2021 50 minutes ago, Caldera said: I don't get why their expenses have increased. If they had said that their income has decreased, I'd understand the need to dip into savings or to go (deeper) into debt, but increased expenses? What exactly are people spending that extra money for? Living in Bangkok, I currently couldn't spend more even if I tried, as there's sweet nothing to do! Gee, let's think. Health care? Check. Helping friends and relatives who have no savings? Check. Ordering food for delivery? Check. Shall we continue? Link to comment Share on other sites More sharing options...
alien365 Posted August 24, 2021 Share Posted August 24, 2021 1 hour ago, Caldera said: I don't get why their expenses have increased. Our monthly food bill has pretty much doubled as we no longer shop at the local market. Currently I've spent 14k on food this month, alcohol excluded. Link to comment Share on other sites More sharing options...
Gsxrnz Posted August 24, 2021 Share Posted August 24, 2021 As half the population have little more than a pot to p*** in, or if they do, a window to empty it from, I'm a bit skeptical that 42% managed to fall back on their "savings". Unless the money borrowed from the local loan shark counts as savings. Whoops, 42.SIX THREE percent - love those decimal places but no brownie points for accuracy. 1 1 Link to comment Share on other sites More sharing options...
TheAppletons Posted August 24, 2021 Share Posted August 24, 2021 (edited) 8 minutes ago, Gsxrnz said: As half the population have little more than a pot to p*** in, or if they do, a window to empty it from, I'm a bit skeptical that 42% managed to fall back on their "savings". Unless the money borrowed from the local loan shark counts as savings. Whoops, 42.SIX THREE percent - love those decimal places but no brownie points for accuracy. Brownie points awarded to you, sir. Each brownie point is worth .001 satang. Edited August 24, 2021 by TheAppletons Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted August 24, 2021 Share Posted August 24, 2021 1 hour ago, hotchilli said: They needed a survey to find that out? total BS MOST have absolutely NO savings whatsoever according to a survey done and shown in TV a few months back 1 Link to comment Share on other sites More sharing options...
Neeranam Posted August 24, 2021 Share Posted August 24, 2021 14 minutes ago, Gsxrnz said: As half the population have little more than a pot to p*** in, or if they do, a window to empty it from, I'm a bit skeptical that 42% managed to fall back on their "savings". Unless the money borrowed from the local loan shark counts as savings. Whoops, 42.SIX THREE percent - love those decimal places but no brownie points for accuracy. Could say this of any country. 1 Link to comment Share on other sites More sharing options...
Sydebolle Posted August 24, 2021 Share Posted August 24, 2021 "Survey Shows Thai People Using Savings during COVID-19 Pandemic" Survey will also show (one day), that Thai people WITHOUT savings will use the savings of those who had savings. Petty crime will explode and the bigger pictures are around the corner. The writing is on the wall! 1 Link to comment Share on other sites More sharing options...
Nanaplaza666 Posted August 24, 2021 Share Posted August 24, 2021 OMFG , people certainly know what university not to send their children to if they want them to really learn something and not just be thaught the obvious . Link to comment Share on other sites More sharing options...
Stargeezr Posted August 24, 2021 Share Posted August 24, 2021 What some posters on this forum forget that they can sit around every day doing diddly, and live on their pensions, but have to wonder why the Thai people who do not have the same amount of money are using their savings? I have to wonder just how stupid or maybe I should be polite and say ignorant are these posters? It makes me sad that any expat or foreigner forgets that this is Thailand, a third world country that we are talking about. Wake up, people.. Geezer Link to comment Share on other sites More sharing options...
Bruno123 Posted August 24, 2021 Share Posted August 24, 2021 22 minutes ago, Stargrazer9889 said: What some posters on this forum forget that they can sit around every day doing diddly, and live on their pensions, but have to wonder why the Thai people who do not have the same amount of money are using their savings? I have to wonder just how stupid or maybe I should be polite and say ignorant are these posters? It makes me sad that any expat or foreigner forgets that this is Thailand, a third world country that we are talking about. Wake up, people.. Geezer Where I feed the dogs, I met some people who are sleeping in a wooden shelter, who claim they came to the area looking for work; father and son. Father; a painter and cook, son; a barista. Son said he had a total of 400 baht in his room(wherever that is). Dad said he was down to 2 baht. Government money hadn't turned up. Begged me to help find them work. Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted August 24, 2021 Share Posted August 24, 2021 (edited) 1 hour ago, Stargrazer9889 said: What some posters on this forum forget that they can sit around every day doing diddly, and live on their pensions, but have to wonder why the Thai people who do not have the same amount of money are using their savings? I have to wonder just how stupid or maybe I should be polite and say ignorant are these posters? It makes me sad that any expat or foreigner forgets that this is Thailand, a third world country that we are talking about. Wake up, people.. Geezer you might be surprised to know some of those foreigners worked 12-13hour days and saved that money for 25+ years starting in their mid teens ie14-15 and then retiring in their mid 40's then re investing their savings in something sensible to get an income. Even my wife with her lowly job managed to save over 200k (took her 8 years at 29yrs old) before I met her, most dont have the sense or will power to do this and thats where they go wrong, then whine theyre "poor" Edited August 24, 2021 by Rampant Rabbit Link to comment Share on other sites More sharing options...
Rampant Rabbit Posted August 24, 2021 Share Posted August 24, 2021 1 hour ago, Bruno123 said: Where I feed the dogs, I met some people who are sleeping in a wooden shelter, who claim they came to the area looking for work; father and son. Father; a painter and cook, son; a barista. Son said he had a total of 400 baht in his room(wherever that is). Dad said he was down to 2 baht. Government money hadn't turned up. Begged me to help find them work. met these type before, many are unemployable and as soon as your back is turned they are sitting down on the job, tell you what if he wants a weeks work I got 500 a day weeding and leaf cutting.......watch him run.....the opposite way. seen it way too many times. Link to comment Share on other sites More sharing options...
Bruno123 Posted August 24, 2021 Share Posted August 24, 2021 6 minutes ago, Rampant Rabbit said: met these type before, many are unemployable and as soon as your back is turned they are sitting down on the job, tell you what if he wants a weeks work I got 500 a day weeding and leaf cutting.......watch him run.....the opposite way. seen it way too many times. I would send them your way; but I think Uranus is a bit too far from Chonburi. ???? Link to comment Share on other sites More sharing options...
BKKTRAVELER Posted August 24, 2021 Share Posted August 24, 2021 I was curious about expenses increasing as well. But the points mentioned above do actually make sense. It is most likely for people who are well to do that expenses lowered (no activities, going out, vacations and more). But it probably doesn't concern a high % of the whole population. For my GF and I, our expenses dropped quite a bit but she does give (a lot) more of her incomes to some family relatives who have been suffering a lot during Covid. So, it balances it out, but for a good cause. Link to comment Share on other sites More sharing options...
dinsdale Posted August 24, 2021 Share Posted August 24, 2021 7 hours ago, Caldera said: I don't get why their expenses have increased. If they had said that their income has decreased, I'd understand the need to dip into savings or to go (deeper) into debt, but increased expenses? What exactly are people spending that extra money for? Living in Bangkok, I currently couldn't spend more even if I tried, as there's sweet nothing to do! Let's just think about that for a minute. If you are working from home maybe using more electricity? Kids are home so have to feed them? Guess if your wages are low this will cut in to what you have. Link to comment Share on other sites More sharing options...
natway09 Posted August 24, 2021 Share Posted August 24, 2021 14K a month on food alone ? You got expensive tastes, 12 kids or feeding the village maybe ? People writing this must be hard up for something to do Link to comment Share on other sites More sharing options...
EricTh Posted August 24, 2021 Share Posted August 24, 2021 It's really sad. One of the Thai even tried to commit suicide in front of the government because she was eating one pack of Mama for 3 meals. Link to comment Share on other sites More sharing options...
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