Post by account_disabled on Dec 13, 2023 0:06:47 GMT -5
" SCB EIC" dissects the problem of household debt, a big problem. that must be seriously fixed SCB EIC surveys Thai consumers' opinions in the survey "SCB EIC Consumer Survey 2023" regarding the impact of the COVID crisis on income, expenses, including debt burden in the system and debt outside the system. A total of 4,733 people completed the survey from January 20 to February 2, 2023. The survey results reflect household debt problems and trends. As well as leading to implications for all parties involved. Important points can be summarized as follows: 1. Although the economy continues to recover But most consumers still face the problem of not having enough income to cover expenses.
It shows the fragility that remains from the Covid crisis. Although most consumers have a view of a better Phone Number List income recovery in the future following the economic recovery. But it is seen that the recovery of income will be slow and will not return to the pre-crisis level in the near term. In addition, in the past, they have had to face increased expenses from the accelerating cost of living. 82% of respondents had problems with income growing behind expenses. Especially the low-income group (no more than 15,000 baht per month) faces this problem as many as 89%, directly affecting savings, with only 7% of the low-income group being able to save every month. SCB EIC estimates that Thai household debt will likely not decrease quickly in the next period.
From the problem of the imbalance between income and expenses including savings problems Amid high inflation and high interest rates Especially those with low incomes. 2. Household debt and informal debt are important risks for Thai households. Before the COVID crisis, it was found that the proportion of respondents who were in debt was 63%, with almost half or 31% having debt outside the system and likely to continue to incur more debt. For respondents whose debt has increased since the start of the COVID crisis But I've never had debt before. It was found that the proportion was approximately 40% (new debt group). The remaining group, approximately 60%, were people who already had debt and had increased debt burden since the COVID crisis began.
It shows the fragility that remains from the Covid crisis. Although most consumers have a view of a better Phone Number List income recovery in the future following the economic recovery. But it is seen that the recovery of income will be slow and will not return to the pre-crisis level in the near term. In addition, in the past, they have had to face increased expenses from the accelerating cost of living. 82% of respondents had problems with income growing behind expenses. Especially the low-income group (no more than 15,000 baht per month) faces this problem as many as 89%, directly affecting savings, with only 7% of the low-income group being able to save every month. SCB EIC estimates that Thai household debt will likely not decrease quickly in the next period.
From the problem of the imbalance between income and expenses including savings problems Amid high inflation and high interest rates Especially those with low incomes. 2. Household debt and informal debt are important risks for Thai households. Before the COVID crisis, it was found that the proportion of respondents who were in debt was 63%, with almost half or 31% having debt outside the system and likely to continue to incur more debt. For respondents whose debt has increased since the start of the COVID crisis But I've never had debt before. It was found that the proportion was approximately 40% (new debt group). The remaining group, approximately 60%, were people who already had debt and had increased debt burden since the COVID crisis began.