According to the Bank of Thailand data, 7.2 million millennials shoulder debts amounting to 423,000 baht each on average," he said. "Noticeably, 20% of Gen Y debtors or 1.4 million people failed to repay debts, accounting for 7.1% of total NPLs." Mr Naris said 42% of the respondents say they have bought must-have items out of fear they will be behind trends. More than 70% of Gen Y use instalment payment services that charge an interest rate. Some 48% of Gen Y respondents dream of having their own homes, while 22% want their own cars.

Source: Bangkok Post November 25, 2019 23:03 UTC