Chiangraitimes

Bangkok Second-Hand Home Listings Explode as Thai Household Debt Hits Critical Levels

BANGKOK – The second-hand housing market in Bangkok is experiencing a massive shock right now. The total listed value of pre-owned homes in the capital has surged by a staggering 234% compared to last year. These properties are now worth a combined THB 701.25 billion. This unusually high jump easily outpaces other regions in the […]

The post Bangkok Second-Hand Home Listings Explode as Thai Household Debt Hits Critical Levels first appeared on Chiang Rai Times.

Social Media and ‘Finfluencers’ is Trapping Thailand’s Gen Z in a 16.44 Trillion Baht Hole

BANGKOK – Thailand is facing a growing financial storm. For years, economists have warned about the heavy debt weighing on Thai families. Now, the numbers have reached a critical point. According to recent data, the country’s household debt has ballooned to a staggering 16.44 trillion baht. This figure represents 86.7% of Thailand’s gross domestic product […]

The post Social Media and ‘Finfluencers’ is Trapping Thailand’s Gen Z in a 16.44 Trillion Baht Hole first appeared on Chiang Rai Times.

Thailand’s Household Debt Hits 86.7% of GDP as Families Struggle with Daily Costs

BANGKOK — Thailand is facing a sobering economic reality as new data reveals that more families are borrowing money not to buy homes or cars, but simply to keep food on the table.

The post Thailand’s Household Debt Hits 86.7% of GDP as Families Struggle with Daily Costs first appeared on Chiang Rai Times.

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