The PPP had an interesting piece on average household debt this morning.
http://www.phnompenhpost.com/business/b ... ts-incomes
According to the figures, the average household income in Cambodia rose 16% last year to $352 per household, but at the same time average outstanding loans increased to $993 per household nationally, and $1616 in Phnom Penh. According to the figures, ANZ bank estimates that the average household is spending 45% of its income servicing that debt. That's a high figure. Those smartphones really are an expensive luxury.
Incomes, indebtedness rise in Cambodia
-
- No Joke Howard is my Hero
- Reactions: 0
- Posts: 641
- Joined: Sat Jun 27, 2015 9:14 am
Incomes, indebtedness rise in Cambodia
I know I'm unloveable. You don't have to tell me. I don't have much in my life, but take it - it's yours.
I wonder what percentage of new vehicles (motos and cars) are bought with cash and without a loan. I would guess it would be quite low.
TheGrimReaper wrote: ↑Mon Sep 02, 2019 1:45 pmSlavedog, you do not belong on this forum as you talk too much sense.
-
- No Joke Howard is my Hero
- Reactions: 0
- Posts: 641
- Joined: Sat Jun 27, 2015 9:14 am
I would guess based on nothing more than gut feeling that the higher value the car, the more likely it is paid for direct with cash, whereas most motor would be financed. There seem to be Aeon promotional material at every moto store in town.
I know I'm unloveable. You don't have to tell me. I don't have much in my life, but take it - it's yours.
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Is your cost of living in Cambodia on the rise? Poll.
by FishHead Phil » Mon Aug 22, 2022 10:41 am » in Cambodia Speakeasy - 7 Replies
- 3040 Views
-
Last post by rektj00
Tue Aug 23, 2022 6:49 pm
-
-
-
Alarming rise in paratyphoid fever cases in Cambodia linked to antibiotic resistance
by Bong Burgundy » Fri Jun 09, 2023 6:27 pm » in Health and fitness - 2 Replies
- 891 Views
-
Last post by YellowFlu
Tue Jun 13, 2023 4:10 pm
-
-
-
ATMs per 100,000 adults on the rise.
by Londo » Thu Jun 01, 2023 9:41 pm » in Money, Banking and Insurance - 7 Replies
- 2009 Views
-
Last post by wolfcreek
Sat Jun 03, 2023 11:21 pm
-
-
-
Tensions rise between China USA, Taiwan and more
by Sonic1 » Fri Apr 07, 2023 3:32 pm » in 'Not' Cambodia - 11 Replies
- 360 Views
-
Last post by Sonic1
Sun Apr 09, 2023 9:44 am
-