Average household debt for workers has hit the highest level in 14 years, attributed to durable goods purchases, investment to create income and daily expenses.
However, there are signs the proportion of consumers’ unorganised loans, or borrowing from loan sharks, is beginning to decrease, according to the latest survey by the University of the Thai Chamber of Commerce (UTCC).
The survey interviewed 1,300 respondents earning no more than 15,000 baht per month. It was conducted during April 18-24 and revealed that average household debt for workers surged by 25% this year to 272,528 baht from 217,952…
