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

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11 hours ago, keith101 said:

And household debt continues to rise so that these banks can make the record profits as we see all over the world BANKS don't care about their customers just profits .

And as a business they are running it to make a profit. If they are overly concerned with the customers they'd be a charity. Banks are like any other business and yes that does mean they look to make profits.  

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This is what happens when you have gross  stupidity, where people cannot wait and save for something where tomorrow  doesn't  matter, when everything is "never mind" where  we must  "look big face" even though we are totally skint and then some,  don't  worry though it will never be their  fault.

 

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15 hours ago, PatOngo said:

The new iPhone 11 will be a timely distraction!

Nah, that phone has been paid for by the farang 🙏  😂😂😂

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9 hours ago, chainarong said:

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

Which is even more worrying when many Thais don't have a mortgage, probably the biggest cost for many foreigners in their life.

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4 hours ago, Soikhaonoiken said:

Nah, that phone has been paid for by the farang 🙏  😂😂😂

How many did YOU pay for?

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20 hours ago, Assurancetourix said:

Why worry?
Tomorrow does not exist yet ...

Truer than you think, smell the roses before they are taken away there is no point in worrying about their loss when it happens.

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14 hours ago, ChipButty said:

Im waiting for it to bounce back up, Happy days

Methuselah comes to mind

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9 hours ago, Lacessit said:

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.

Don't forget that they magically multiply deposit by something like 7X via fractional banking. My economy teacher tried to explain to me that this is not a scam and she failed. 

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22 hours ago, Thian said:

Thai also have more expensive cars than Indonesians

 

They need to build more shopping malls and more expensive smart phones to sink the populace deeper in debt.

 

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14 hours ago, Drax said:

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. 

As exemplified by all those who borrow from loan sharks having no clue that the exorbitant interest charged will keep them in debt forever!

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7 hours ago, gunderhill said:

This is what happens when you have gross  stupidity, where people cannot wait and save for something where tomorrow  doesn't  matter, when everything is "never mind" where  we must  "look big face" even though we are totally skint and then some,  don't  worry though it will never be their  fault.

 

Getting into debt to look cool, is sooo uncool!

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3 minutes ago, PatOngo said:

Getting into debt to look cool, is sooo uncool!

Having heard many times about people being in debt with one another, i am afraid to think what might happen if the proverbial Buddhist restraint and the "mai pen rai" attitude go out of fashion.

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1 minute ago, mauGR1 said:

Having heard many times about people being in debt with one another, i am afraid to think what might happen if the proverbial Buddhist restraint and the "mai pen rai" attitude go out of fashion.

No need to think too much, in the morning only need to think about lunch, in the afternoon think about what's for dinner!

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7 minutes ago, PatOngo said:

No need to think too much, in the morning only need to think about lunch, in the afternoon think about what's for dinner!

Sure, that works until there is something to put on the table.

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