Post by account_disabled on Dec 13, 2023 0:06:50 GMT -5
In addition, it was found that respondents with debt At present there is a tendency to increase borrowing in the future. Especially those with debt outside the system who want to borrow more from both inside and outside the system. Meanwhile, those with debt in the system tend to incur more debt outside the system. Another interesting observation was found that The purpose of borrowing money in the past since the start of the COVID crisis was mainly to pay for food and essential goods, but in the next 6 months Most people with debt tend to borrow mainly to pay off existing debt. It reflects the vulnerability of households' debt burdens that may become more severe. Put pressure on using savings to spend for consumption in the next period. 3. Financial skills are related to household debt.
SCB EIC surveys and calculates financial skill scores of respondents from 3 components: financial knowledge financial Phone Number List behavior and financial attitude It was found that most respondents had not high financial attitude scores, especially those with informal debt. Most of them had good financial literacy scores. But there may be an emergency need. This results in poor financial behavior or attitude scores (such as not thinking before spending money, etc.). not planning their finances), causing the need to borrow from informal debt. In addition, it was found that the group with informal debt had higher financial skill scores. Understanding of informal debt and the average income level was significantly lower than other groups. This reflects the limitations in access to financial sources in the system for this group of people.
The results of SCB EIC's survey of household debt through the consumer perspective indicate that the Thai household debt problem is still worrisome and should be seriously resolved. This problem is a major challenge for the Thai economy. But it can be gradually improved if all sectors work together and it takes time. The overall results of this SCB EIC survey have implications for the government, business and household sectors as follows: The government sector needs to provide policy assistance and provide financial skills knowledge in all dimensions in a systematic way. Especially financial attitude and understanding about informal debt. Including gradually stopping the cycle of informal debt. Because there are many people who rely on informal debt, the business sector needs to closely follow government regulations and policies for solving household debt. This is because the government sector is likely to come in and solve this problem more seriously.
SCB EIC surveys and calculates financial skill scores of respondents from 3 components: financial knowledge financial Phone Number List behavior and financial attitude It was found that most respondents had not high financial attitude scores, especially those with informal debt. Most of them had good financial literacy scores. But there may be an emergency need. This results in poor financial behavior or attitude scores (such as not thinking before spending money, etc.). not planning their finances), causing the need to borrow from informal debt. In addition, it was found that the group with informal debt had higher financial skill scores. Understanding of informal debt and the average income level was significantly lower than other groups. This reflects the limitations in access to financial sources in the system for this group of people.
The results of SCB EIC's survey of household debt through the consumer perspective indicate that the Thai household debt problem is still worrisome and should be seriously resolved. This problem is a major challenge for the Thai economy. But it can be gradually improved if all sectors work together and it takes time. The overall results of this SCB EIC survey have implications for the government, business and household sectors as follows: The government sector needs to provide policy assistance and provide financial skills knowledge in all dimensions in a systematic way. Especially financial attitude and understanding about informal debt. Including gradually stopping the cycle of informal debt. Because there are many people who rely on informal debt, the business sector needs to closely follow government regulations and policies for solving household debt. This is because the government sector is likely to come in and solve this problem more seriously.