Survey finds most Thais burdened by credit card debt

A RECENT survey shows that most Thai households have large credit card and personal loan debts, with the average coming in at 1.24 million baht (RM156,900) per household.

Civil servants have been found to have the highest credit card debts, averaging up to one million baht (RM126,500) per person.

The Suan Dusit Poll, conducted from Nov 22 to 25, covered 1,059 respondents.

It found that 46.52% of the respondents owed money to credit cards and had taken personal loans, while 39.85% had a mortgage.

Civil servants were found to owe an average of one million baht per person to credit cards while private sector employees were found to owe about 500,000 baht (RM63,290) per person.

Of the respondents, 71.11% were confident they could pay off all their debts while 38.15% voiced concerns. — The Nation/ANN

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