A survey shows household debt rose, but with positive causes. The UTCC based the report on its Thursday survey of 1,258 workers who earned less than 15,000 baht a month. However, on the positive side, people were borrowing to buy durable goods such as vehicles and residences, and informal debt was falling while formal debt was rising. Aware of economic recovery, they started to borrow more, but for durable goods," Mr Thanavath said. Of the surveyed workers, 97% admitted to being in debt and 78.6% had defaulted, he said.

Source: Bangkok Post April 27, 2017 10:41 UTC