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A debt trap for Gen Z

The National Economic and Social Development Council

The National Economic and Social Development Council has released data on household debt that shows a worrying rise in borrowing among Generation Z and recent graduates.

The council said household debt stood at 16.44 trillion baht, or 86.7% of GDP, at the end of the fourth quarter. At the same time, bad debt and non-performing loans (NPLs) remained elevated at 1.31 trillion baht for three consecutive quarters.

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