Popular Post webfact Posted November 29, 2021 Popular Post Share Posted November 29, 2021 File photo for reference only The latest survey by Suan Dusit pollsters conducted last week asked Thais about their level of debt. The poll revealed average debt of 1.2 million baht with 46% reporting credit card and personal debt arrears and nearly 40% behind on the rent, reported Manager. But 71% thought they could find a way out of debt. This would be accomplished with belt tightening, personal discipline, planning, saving, and self-reliance. The above are traits not normally associated with the average Thai, notes ASEAN NOW. Those who know the country have often pointed to an attitude of "spend today and let tomorrow look after itself". 1,059 people were asked their opinions between 22nd and 25th November. Health insurance plans that meet the long stay visa requirements -- © Copyright ASEAN NOW 2021-11-29 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates Get your business in front of millions of customers who read ASEAN NOW with an interest in Thailand every month - email [email protected] for more information 3 9 Link to comment Share on other sites More sharing options...
Popular Post fangless Posted November 29, 2021 Popular Post Share Posted November 29, 2021 4 minutes ago, webfact said: 1,059 people were asked their opinions between 22nd and 25th November. Where was the poll conducted? I suggest it was in a major city as I do not believe these figures cover the average village Thai. 8 1 Link to comment Share on other sites More sharing options...
Misterwhisper Posted November 29, 2021 Share Posted November 29, 2021 (edited) 10 minutes ago, webfact said: This would be accomplished with belt tightening, personal discipline, planning, saving, and self-reliance. The above are traits not normally associated with the average Thai, notes ASEAN NOW. Those who know the country have often pointed to an attitude of "spend today and let tomorrow look after itself". Hear, hear!!! Edited November 29, 2021 by Misterwhisper 2 Link to comment Share on other sites More sharing options...
Popular Post tomazbodner Posted November 29, 2021 Popular Post Share Posted November 29, 2021 6 minutes ago, fangless said: Where was the poll conducted? I suggest it was in a major city as I do not believe these figures cover the average village Thai. Obviously. How many villagers in the middle of nowhere, tending their rice field, have a credit card? Their houses and farms however could still be in danger if their kids in big city default on payments... 7 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted November 29, 2021 Share Posted November 29, 2021 17 minutes ago, webfact said: This would be accomplished with belt tightening, personal discipline, planning, saving, and self-reliance. All traits that most Thais I know do not possess. That is not to say I do not know Thais that are like this, my business partner and my ex-gf among them. Link to comment Share on other sites More sharing options...
StayinThailand2much Posted November 29, 2021 Share Posted November 29, 2021 (edited) 37 minutes ago, webfact said: The poll revealed average debt of 1.2 million baht with 46% reporting credit card and personal debt arrears and nearly 40% behind on the rent, reported Manager. But 71% thought they could find a way out of debt. LOL. Are the banks prepared to write off a good chunk of that debt? Edited November 29, 2021 by StayinThailand2much 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted November 29, 2021 Popular Post Share Posted November 29, 2021 (edited) A poll was not needed, just stand outside a gold shop or pawnshop and watch as the ants march in with goods and out with money and still need to use the cash obtained to pay off other debts. With Covid this has become a vicious cycle. Edited November 29, 2021 by ThailandRyan 6 Link to comment Share on other sites More sharing options...
mikebell Posted November 29, 2021 Share Posted November 29, 2021 Debt is not something that disturbs the average Thai. Banks will always bail them out if you are a teacher or farmer. 1 4 Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 Plan and save.... Since when they plan forward? Living day by day. 1 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted November 29, 2021 Popular Post Share Posted November 29, 2021 2 minutes ago, RafPinto said: Plan and save.... Since when they plan forward? Living day by day. One wonders how they pay for trips like a few I saw this weekend in Hua Hin were having. However, I saw a family of 8 around the pool swimming. When the pool services man handing out towels and checking the registry got to them they gathered their belongings and headed back out onto the beach....modern day sneak thieves....lol. This same group came up from the beach and managed to get in line at the buffet as well......you can not make this up. 7 Link to comment Share on other sites More sharing options...
StayinThailand2much Posted November 29, 2021 Share Posted November 29, 2021 12 minutes ago, mikebell said: Debt is not something that disturbs the average Thai. Banks will always bail them out if you are a teacher or farmer. And if not, the government will. 1 Link to comment Share on other sites More sharing options...
Cake Monster Posted November 29, 2021 Share Posted November 29, 2021 53 minutes ago, webfact said: But 71% thought they could find a way out of debt. This would be accomplished with belt tightening, personal discipline, planning, saving, and self-reliance. The same 71 % of dreamers should have implemented these things before borrowing easy Money that needs repaying. 1 Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 4 minutes ago, ThailandRyan said: One wonders how they pay for trips like a few I saw this weekend in Hua Hin were having. However, I saw a family of 8 around the pool swimming. When the pool services man handing out towels and checking the registry got to them they gathered their belongings and headed back out onto the beach....modern day sneak thieves....lol. This same group came up from the beach and managed to get in line at the buffet as well......you can not make this up. 5555 They also wanted the feeling of a 5* adventure next to farang. You should have invited them for a nice evening dinner. 1 Link to comment Share on other sites More sharing options...
Popular Post RafPinto Posted November 29, 2021 Popular Post Share Posted November 29, 2021 Just now, RafPinto said: 5555 They also wanted the feeling of a 5* adventure next to farang. You should have invited them for a nice evening dinner. And the GM wondering why there were 120 peole at the buffet bar as they had only 2 rooms booked???? 6 Link to comment Share on other sites More sharing options...
Popular Post tonray Posted November 29, 2021 Popular Post Share Posted November 29, 2021 1 minute ago, RafPinto said: They also wanted the feeling of a 5* adventure next to farang. Anytime I see a farang in my adventure...it downgrades automatically to 3 star or less 1 3 Link to comment Share on other sites More sharing options...
ThailandRyan Posted November 29, 2021 Share Posted November 29, 2021 Just now, RafPinto said: And the GM wondering why there were 120 peole at the buffet bar as they had only 2 rooms booked???? The Hotel actually was full on Saturday night and into Sunday afternoon. This morning the parking lot went from full to 20 cars. Wonder what highway 4 looked like heading to BKK as well as 35. Link to comment Share on other sites More sharing options...
Popular Post RafPinto Posted November 29, 2021 Popular Post Share Posted November 29, 2021 1 minute ago, ThailandRyan said: The Hotel actually was full on Saturday night and into Sunday afternoon. This morning the parking lot went from full to 20 cars. Wonder what highway 4 looked like heading to BKK as well as 35. I ususally take my helicopter down to HH and book the whole upper floor. Don't want to mix with the "would like to be Hi-So". 4 Link to comment Share on other sites More sharing options...
daveAustin Posted November 29, 2021 Share Posted November 29, 2021 11 minutes ago, ThailandRyan said: One wonders how they pay for trips like a few I saw this weekend in Hua Hin were having. However, I saw a family of 8 around the pool swimming. When the pool services man handing out towels and checking the registry got to them they gathered their belongings and headed back out onto the beach....modern day sneak thieves....lol. This same group came up from the beach and managed to get in line at the buffet as well......you can not make this up. Good one and I don’t doubt it. But the funniest thing is them managing to be around the pool and swimming at the same time lol. 1 2 Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 (edited) 2 minutes ago, daveAustin said: Good one and I don’t doubt it. But the funniest thing is them managing to be around the pool and swimming at the same time lol. I know them. They came from Isaan and farang super star, the bread winner and village supporter invited the whole family for a 5* get away. They were wondering why they could only eat at hotel and use the pool but had to sleep in a tent???????? Edited November 29, 2021 by RafPinto 2 Link to comment Share on other sites More sharing options...
Popular Post bkk6060 Posted November 29, 2021 Popular Post Share Posted November 29, 2021 Most Thais have no education on personal financial management. And, most have absolutely no savings and are clueless about investing. But, many do have cars that they use 50% of their salary to pay for so in their minds, they have made it. 2 3 Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 10 minutes ago, bkk6060 said: Most Thais have no education on personal financial management. And, most have absolutely no savings and are clueless about investing. But, many do have cars that they use 50% of their salary to pay for so in their minds, they have made it. I know already of few who play the Crypto market. Want to get rich over night. One tells a thing, others follow. For this, so many fall for the "10% interest rate guaranteed" per month. 1 Link to comment Share on other sites More sharing options...
Popular Post thaibeachlovers Posted November 29, 2021 Popular Post Share Posted November 29, 2021 Nothing unique to Thailand about excessive debt. IMO gonna be a lot of screaming in NZ once the mortgage interest rates go up due to inflation. People have been paying mad prices for houses, IMO. Just the other day I was talking to a young fellow that was saying his education loan was too high to live on what he was earning. Lots of trouble ahead for a lot of people I reckon, especially those that grew up in low interest years. However, for those of us that have savings in the bank it'll be nice to actually get a decent return on savings. 4 1 Link to comment Share on other sites More sharing options...
Popular Post FritsSikkink Posted November 29, 2021 Popular Post Share Posted November 29, 2021 1 hour ago, tomazbodner said: Obviously. How many villagers in the middle of nowhere, tending their rice field, have a credit card? Their houses and farms however could still be in danger if their kids in big city default on payments... How many villagers tending their rice field have a debt for equipment and other things? 3 Link to comment Share on other sites More sharing options...
Popular Post thaibeachlovers Posted November 29, 2021 Popular Post Share Posted November 29, 2021 32 minutes ago, bkk6060 said: Most Thais have no education on personal financial management. And, most have absolutely no savings and are clueless about investing. Hmmmm. I left school at 18 having had no education on personal financial management. I also had no savings at age 35 and the only thing i know about investing is that I'll never do it. IMO investing is gambling for rich people and guys like me are how they get rich. I'll never forget the colleague that lost everything in the crash in the 1980s crying. Before that she was always telling us how rich she was getting. 5 1 Link to comment Share on other sites More sharing options...
tomazbodner Posted November 29, 2021 Share Posted November 29, 2021 9 minutes ago, FritsSikkink said: How many villagers tending their rice field have a debt for equipment and other things? Probably many, but unlikely to have that paid by credit cards or being behind on rent. Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 Or a family takes out a loan from a loan shark without the rest of the family knowing about and off goes your house, farm etc. 1 Link to comment Share on other sites More sharing options...
ezzra Posted November 29, 2021 Share Posted November 29, 2021 There have been many polls lately all of a sudden, to be honest, i put as much stock in those polls as i put in Thai politics in general, to be taken with a grain of salt... 1 Link to comment Share on other sites More sharing options...
Popular Post Orinoco Posted November 29, 2021 Popular Post Share Posted November 29, 2021 12 minutes ago, RafPinto said: Or a family takes out a loan from a loan shark without the rest of the family knowing about and off goes your house, farm etc. This is very true now days. They do stuff behind each others back in the families now. and the end result can be very devastating to the rest of the family. A very sad state of affairs for some. 3 Link to comment Share on other sites More sharing options...
Gandtee Posted November 29, 2021 Share Posted November 29, 2021 1 hour ago, RafPinto said: I ususally take my helicopter down to HH and book the whole upper floor. Don't want to mix with the "would like to be Hi-So". Do you take any female helpers with you? 2 Link to comment Share on other sites More sharing options...
RafPinto Posted November 29, 2021 Share Posted November 29, 2021 Just now, Gandtee said: Do you take any female helpers with you? 6 1 Link to comment Share on other sites More sharing options...
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