Inflation-may pen rai?

[swissie]

Depending on the source of information, let's say the "official" inflation-rate hovers around 3% per year. Reasonable to assume, this will be the norm for yeas to come, if not higher.

Only by applying "simple-interest", this would mean a "paycut" of 30% over a period of 10 years as long as the monthly incoming funds based on fixed income from overseas remain "fixed". To make things worse, inflation does not work based on "simple-interest", but "compound-interest". So, the "paycut" over 10 years will more likely be around 40%.

For folks living on a fixed income from overseas, could you handle this? All this, not even taking into account, that the Thai-Baht is likely to strengthen against western-currencies in the long run.

I have found out, that this subject is of very little interest to fellow-farangs living here. Mostly interested in football, "where is the cheapest beer during happy-hour" and where can I buy "Boric-Acid".

Must conclude, that long-term residents have adopted to Thai-Ways: Tomorrow is out of sight and far away. May pen rai.

Cheers.

[phuketjock]

" Must conclude "

If you have already come to a conclusion why are you posting this nonsense

on here? yet Again.

You are obviously blindingly unaware that most pensions are linked to inflation rates in the home

countries. You would do well to do some basic research before posting such utter rubbish over and

over again.

Cheers.

[cpofc]

Not me mate. It's a subject close to both my heart and my wallet.

But my income is not fixed, and when Tony Abbot wins government in Australia tomorrow my Military Superannuation will indexed fairly and I should be able to keep step with any inflation Thailand can throw at me.

Plus interest rates in Australia WILL go back up again. As they always do. So return on my savings will be better too.

BTW I haven't consumed beer for years, don't spend much time in bars these days and I am only interested in English Soccer at a social level.

[edwinchester]

" Must conclude "

If you have already come to a conclusion why are you posting this nonsense

on here? yet Again.    

 

You are obviously blindingly unaware that most pensions are linked to inflation rates in the home

countries. You would do well to do some basic research before posting such utter rubbish over and

over again.      

 

Cheers.

 

British pensioner living in Thailand has a frozen pension to look forward too.

Sent from my GT-I9003 using Thaivisa Connect Thailand mobile app

[uptheos]

" Must conclude "

If you have already come to a conclusion why are you posting this nonsense

on here? yet Again.

You are obviously blindingly unaware that most pensions are linked to inflation rates in the home

countries. You would do well to do some basic research before posting such utter rubbish over and

over again.

Cheers.

British pensioner living in Thailand has a frozen pension to look forward too.

Sent from my GT-I9003 using Thaivisa Connect Thailand mobile app

Better than frozen feet because they can't afford to put the heating on.

[wprime]

Firstly, 3% compounded over 10 years is just 34%. Secondly what makes you think Thailand would experience inflation in the coming years? The only reason the Thai economy was expanding is because of Yingluck's populist policies - this only provides a temporary boost at the expense of a bigger future crash. Thailand is headed for a recession (hint: deflationary) and the more they try to buy their way out of it, the worse (albeit later) it'll be.

[swissie]

Folks, I must out myself. But please don't spread it around.

The only reason I start such silly threads, (that will never ever concern any expat living in Thailand), only serves the purpose of getting "phuketcock" (post # 2) spring into action by spitting fire and brimstone. Again and again.

Cheers.

[trainman34014]

" Must conclude "

If you have already come to a conclusion why are you posting this nonsense

on here? yet Again.

You are obviously blindingly unaware that most pensions are linked to inflation rates in the home

countries. You would do well to do some basic research before posting such utter rubbish over and

over again.

Cheers.

British pensioner living in Thailand has a frozen pension to look forward too.

Sent from my GT-I9003 using Thaivisa Connect Thailand mobile app

Better than frozen feet because they can't afford to put the heating on.

So,so true up's. Listening to my family moaning about fuel bills getting ever higher (the UK now has some of the most expensive power bills on the Planet ) i always smile as i look at my electric and water bills here. No gas bills to worry about so i watch the price going up with yet another smile.

[AnotherOneAmerican]

British pensioner living in Thailand has a frozen pension to look forward too.

Only if he's stupid enough to tell his government where he is living.

[samran]

If there is inflation in Thailand relative to the rest on the world the exchange rate over time will deflate accordingly.