Household debt on upward tilt | Bangkok Post: property

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Household debt on upward tilt

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Household debt has hit a fresh high, particularly among low-income earners, who remain widely exposed to loan sharks, says the University of the Thai Chamber of Commerce (UTCC). 

The latest UTCC survey of 1,200 respondents found most of them (64.5%) had average household debt of 188,774.54 baht, up by 12% from a year earlier and compared with 147,542 baht back in 2009.

The annual growth rate has risen overall in recent years _ only 2.8% in 2009 and 2.6% in 2010, jumping to 5.3% in 2011 and 5.7% last year before surging 12% in this year's survey.

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