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Monday, May 6, 2024

Household debt in election focus

Kavita Wongyakasem, a small business owner, uses her mobile banking application to pay her bills at her house in Nonthaburi. (Photo: Reuters)

Kavita Wongyakasem runs a small business in Bangkok, owns a two-storey house in Nonthaburi, drives a pickup truck, and sends her two daughters to good schools.

But every day is a desperate struggle to find the money to keep her household afloat, said the 48-year-old, whose business provides services for a big energy company.

“I think about it every minute,” said Ms Kavita, breaking into tears as she spoke.

The sole breadwinner of a family of five is about 8 million baht in debt and has no cash savings.

“Some days I just can’t face the morning. I don’t want to wake up to the…

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