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Survey: Thais are short of money - and it's worse than Indonesia!

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2 minutes ago, SteveK said:

On Boris delivers the goods, you could be looking at 41 baht to the pound on Monday morning.

Im waiting for it to bounce back up, Happy days

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5 hours ago, BritManToo said:

Can't see any western countries in better shape.

Everyone appears to be drowning in a sea of debt.

 

............ except me, and that's only because nobody will give me credit.

Yep in Oz 44% are in mortgage stress. In West Oz there are 7 applicants for 1 job.

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6 minutes ago, ChipButty said:

Im waiting for it to bounce back up, Happy days

We've gone from 37 to 39.3 baht to the pound just off the back of little more than rumours, once Boris actually signs an agreement (a big if), a lot of the negativity will dissolve, and 41 could prove to be too conservative an estimate. We are talking about UK politicians here though, so it's more than likely that they achieve nothing and the pounds slowly slides back down below 38.

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57 minutes ago, emptypockets said:

Not really sure what you are saying but I bet there would be quite a few expats living pension check to pension check.

Yes me too not sure, the translator maybe not work well.

If Brexit happened today GBP over 50 next year

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6 hours ago, sillyfool said:

our world is sick and in desperate need of an enema 

...while Pattaya eagerly awaits the administration thereof.

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This is why I have no credit 😂. Just cash bank and brokerage accounts.

Then again depending on interest rates loans can be a good investiment... but cmon the average person doesn’t even know what interest is... they don't teach economy at school anywhere I know of. 

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2 hours ago, emptypockets said:

Not really sure what you are saying but I bet there would be quite a few expats living pension check to pension check.

Yeh, me..........🥳

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8 hours ago, StayinThailand2much said:

Thais (and five-year-olds) simply cannot plan ahead, or manage their money; raise the monthly minimum-income to 50,000 baht and they still won't be able to do it...

 

And banks make it too easy, effectively forcing debt onto people who won't be able to ever repay the money.

Your remark shows that you know SFA about the majority of Thai people have you ever spent time in villages where there isn't even a shop to buy groceries, they work the fields or orchards with very little pay as they are allowed to eat for free most do not have electricity they cook on open fires. 

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I never knew a Thai who did not have money problems.

 

All they need to do is live by the very simple rule that my grandmother taught me:  Live within your means and what you cannot afford just do without.

Not a prayer but Thais are far from being the only ones since many of my fellow Brits are hardly better with their pop culture of:

Grab yourself....

The must have....

It's all about you.

There really is no hope whatsoever and perhaps there never was.

 

 

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13 hours ago, nong38 said:

I was in MaDonalds the other day and was horrified to see that a hamburger had risen from 29 to 35 bts! Yesterday I ancied I would make a tuna/mayo roll so looked at the tins of tuna, they had also gone up from 35/39 to 44/46  bts. These are huge percentage rises and not the .52% claimed the Government. My wife says everything has recently gone up so its not surprising that the ordinary people are finding life tough, they don't get annual pay increases unless they can wangle a promotion do they. They buy things they don't need, usually on long term credit, to show how successful they are to the "Jones's" It has to fall apart, it cannot go on. The banks will go on they cannot lose, if the payments are not met then the banks reclaim, same for suppliers.

Foe people who have had exposure to financial planning money is a dangerous thing.

15 years a go a single burger at the Mac was 19....by then the euro was 52....

 

Yesterday a pizzacompany pizza was suddenly 379 instead of 319  5 months ago.

 

A Zinger burger is still 62 since some years....

 

 

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5 hours ago, rohitsuk said:

I never knew a Thai who did not have money problems.

 

All they need to do is live by the very simple rule that my grandmother taught me:  Live within your means and what you cannot afford just do without.

Not a prayer but Thais are far from being the only ones since many of my fellow Brits are hardly better with their pop culture of:

Grab yourself....

The must have....

It's all about you.

There really is no hope whatsoever and perhaps there never was.

 

 

My wife sure has no money problems and neither do i....but i go to pizzacompany myself to get the 2nd pizza for free...that's an offer i can't refuse and will always do. The staff there hates it because they'll have to sapee inlit to me but hey that's not my problem.

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4 hours ago, BritManToo said:

As a Brit I can clearly state my currency losses (-22%) aren't any worse than the Europeans.

And considerably less than the Canuks, Aussies and Kiwis (-30%).

For us Scandinavians it's down more than 25 % from the time, when is was a good exchange rate – an income cut of 25 % if you are living from a regular smaller pension can easily make it difficult in the last part of a month.

 

But looking at the bright side of life, this so-called "utterly bad" exchange rate at the moment, is 10 % higher compared to a period about 17 years, and also 10 % higher than when I first visited Thailand in 1987, so in a way we shall be happy...🙂

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11 hours ago, PatOngo said:

But the banks are announcing record profits?

 

BangkokBank net profits go beyond Bt9 bn in third quarter

Well, when you accept deposits and pay 0.5 - 1.5% interest on them, then lend said deposits out at 6-7% interest, you'd have to be awfully dumb to be unprofitable.

Edited by Lacessit
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8 hours ago, Isaanbiker said:

Many of my students have expensive iPhones while I'm okay with my old and slow Samsung. 

 

  Unfortunately, do too many people buy expensive stuff on monthly installments without even knowing that they can't afford it.

 

  If I don't have money, I've gotta live cheap until I get my salary.

 

Is that too difficult to understand? - 👨‍🎓

 

 

 

I teach at an upscale private in BKK. Students waltz in late and deliver bubble tea to classmate. On the top written: b85. Lanvin and Prada carry (book) bags.

 

Starbucks...the bane of humanities existence.

 

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