Are Thai Non-Agricultural Workers Financially Fragile?

  • Niwaan Ponpunthin Institute for Continuing Education and Human Resources, Thammasat University, Thailand
Keywords: Financial Fragility, Thai Worker, Emergency Savings, Personal Finance


Financial fragility is a worker’s inability to afford an immediate, inevitable, and unexpected cost of 3,000 THB using only cash or bank accounts. Such fragility could happen to anyone regardless of socioeconomic class. Workers with such fragility tend to have more financial stress and lower productivity. And yet, there is no study about this topic in Thailand. Thus, I conduct this research to explore the financial fragility of Thai non-agricultural workers using the Panel Socioeconomic Survey dataset from the National Statistical Office. Results from the Panel Logistic Regression show that almost half of these workers are financially fragile. Results also show that educational attainment substantially helps reduce such fragility among the workers. Whereas having a history of falling into poverty aggravates the fragility. My recommendations are 1) to attain quality education together with practical financial knowledge and 2) to maintain a steady income level with various proposed savings tools.


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How to Cite
Ponpunthin, N. (2021). Are Thai Non-Agricultural Workers Financially Fragile?. Thailand and The World Economy, 39(2), 18-36. Retrieved from