A Study of the Relationship Between Debt and Quality of Life in Bangkok Metropolitan Area

Abstract

This study aimed to examine the characteristics and levels of indebtedness among residents of Bangkok, analyze the impact of debt on quality of life, and investigate the relationship between debt levels and happiness. Quantitative data were collected through online questionnaires from 400 residents of Bangkok. Among these respondents, 279 individuals reported having debt obligations and were included in the analysis of debt-related variables. The data were analyzed using descriptive statistics and one-way analysis of variance (One-way ANOVA). The findings revealed that the majority of respondents were female, aged between 21 and 30 years, and had a monthly income ranging from 15,001 to 30,000 Thai Baht. Approximately 69.75% of the respondents were indebted, with most debts being bank loans of no more than 50,000 Baht. Most respondents were able to repay their debts on time. Although debt contributed to improved financial liquidity, 39.43% of respondents reported experiencing stress related to their debt burden and expressed a need for government assistance measures. The hypothesis testing results indicated that the debt-to-income ratio and debt repayment capacity were significantly associated with happiness. These findings suggest that financial burdens directly affect the quality of life of individuals in both positive and negative ways. The study highlights the importance of systematic debt management and the role of government policies in reducing debt burdens to improve quality of life and mitigate mental health risks among urban residents, particularly in the context of Bangkok’s high cost of living.