Despite having a regular job in Thailand you will still in Debt of US$218,000

THALAND: Jiraporn Mesungnon, 58, can’t remember the last time she got out of debt. She obtained a loan to buy a motorcycle so that he could earn a starting monthly salary of 2,200 baht (US$60) to work as a freshman teacher in eastern Thailand at the age of 18.

He started a tour company two decades ago to supplement his income, taking on more debt to buy tour buses. As he supported his family and paid off credit card debt while buying a new family home, his debt increased.

Jiraporn claims that she has never been in black, despite making 30 times as much money as she did four decades ago. His debt, which is still outstanding, is 8 million baht ($218,000).

I am not sure if I will ever be free from debt till the age of 80, she said. But how will I be able to achieve anything in life without borrowing money?

Jiraporn is a part of the domestic debt crisis that affects nearly half of…