Household Debt in Thailand has Risen to a Record High

As the Thai Baht soars and the economy lags household debt in Thailand has risen to a record high of 340,000 baht per household. According to a poll on household debt, conducted by University of the Thai Chamber of Commerce.

Thanawat Polvichai,  a director at UTCC said the poll was conducted among 1,201 respondents across the country.

The poll shows over 80% were in debt including car loans, housing loans and credit card debt.

Keep reading…