Take the Australian aged pension, for example. It's around $1200AUD per fortnight. That's $2400AUD a month, or 56,000 Thai baht a month. It doesn't meet the 65k baht per month criteria, but there are a lot of Aussies living in Thailand on it. Easily circumvented through agents. No proof of either being needed to get a retirement visa / extension. Basically, an Australia aged pensioner, with very little money, can fly to Thailand on a 30 day visa exemption stamp, then pay an agent for a retirement visa, and start living here on the Australia aged pension. No 800k baht, and the pension isn't even the required 65k baht a month. Now, picture the above, but from many other countries as well, and Thailand becomes a dumping ground for retirees with very little financial capacity. This is already happening, to some degree, but due to the higher cost of living in the west, I can see Thailand becoming an option for many retirees in the near future.
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