Are there too many expats living in Thailand that don’t really have the funds to be living here?
Start off with the government’s minimum of 65,000 Thai baht per month income and visa requirements between 400,000 and 800,000 THB.
There appears to be a growing number of expats using Visa Agents as a way to get around the financial requirements of having 400,000 of 800,000 THB in the bank.
How can you get to retirement age and have so little saved?
It appears many expats moved to Thailand for a cheaper lifestyle, although over the years it is not so cheap anymore ?
Fluctuating baht rates have made things much worse, with many expats losing a large percentage of their earning power.
On many expat forums, expats blatantly state they are living here on 30,000 THB per month, which is well short of the required funds.
The issue most point out is that they sold what ever assets they had in their home countries to fund the move to Thailand, and now find out they have no place left to go back to or the funds to even get home.
This issue remains quite hidden due to the fact visa agents are covering the funding requirements for a large percentage of the expats living here with next to nothing.
In the golden years of your life, underfunding your retirement is a bad way to live out the rest of your life in a foreign country.
Most expats polled suggested the minimum 65,000 THB to 100,000 THB per month to have a decent life in Thailand with the basic necessities.