#Baddebt from #unsustainable #consumerism
"Danucha P, secretary-general of #NESDC, said tt in 4Q 2024, #household #debt totalled THB16.4tril, showing a 0.2% growth cf to te same period last year.. largely due to tighter lending stds.. Danucha said 1 issue tt needed to be addressed was Thais' tendency to #consume #luxuriously, which can easily lead to excessive debt.. survey by Mahidol found tt 1 in 3 #Thais prefer to #spend their money on #luxurygoods & #premium services"
https://www.bangkokpost.com/business/general/3045872/call-for-measures-to-halt-surge-in-bad-debt