Some Thais finding it difficult to save

A survey commissioned by the Government Savings Bank has revealed that grassroots incomes in Thailand are too low for most Thais to make savings for the future.

The survey indicates that people earning under 15,000 baht have a real struggle to survive. Only 32.2% made any saving at all. About 56% of that number put a little away each month.

This averaged out at about 1,500 baht among those that saved anything.

70% of the people who saved did so for reasons of possible future emergencies or illness. Only a quarter are planning for retirement in any way.

‘Workpointnews’ published the story highlighting the fact that low income “grassroots” earners were finding it difficult to save.

SOURCE: ThaiRath