A handful of Thai baht coins

Household debt in Thailand highest in 12 years

COVID-19 can be blamed for pushing Thai household debt to its highest level in 12 years, around 480,000 baht per household, said The University of the Thai Chamber of Commerce (UTCC).

The rector of UTCC, Thanawat Polwichai (ธนวรรธน์ พลวิชัย), said that the data collected from over 1,000 participants shows that the household debt in 2020 reached 483,950 baht per household surveyed, due to the higher costs of living and lack of income due to unemployment. The survey also shows that more than 70 percent of the debt is new, and is a result of the economic crisis caused by COVID-19.

Full story: thaipbsworld.com

By Thai PBS World

Facebook Notice for EU! You need to login to view and post FB Comments!
TN

The main purpose of Thailand News is to offer our readers all news from the most popular and trusted newspapers in Thailand & Asia in one place.

Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.

You May Also Like

More From Author

+ There are no comments

Add yours

Leave a Reply