Proceedings of the 25th International Academic Conference, OECD Headquarters, Paris

PERSONAL FACTORS AFFECTING TO THE SAVING BEHAVIOR OF PEOPLE IN BANGKOK METROPOLITAN REGION, THAILAND

MUKDA KOWHAKUL

Abstract:

The objectives of this study were to investigate the personal factors which affect and have a relationship to the saving behavior of selected people. The study was a research survey that used questionnaires to collect data from 400 samples of people with income. The descriptive statistics relate to the following: frequency, percentage, and inferential statistics – particularly use of the Chi-Square to analyze the data. In the study, the samples which responded to the questionnaire shared the following characteristics: There were females, age between 18-28 years old, single status, having the master degree of education; most of them are employees in private companies which have a lower or equal amount of 20,000 baht income, and have expenditures of 10,001-15,000 baht. In the matter of savings behavior, it was found that the majority of the samples in question have some type of savings in account with commercial banking (both saving and fixed accounts); they have proportionate savings and income per month, in a setting of available money remaining with a value of more than 5,000 baht. The main reason for saving was precaution, and the time of saving was 1-5 years wherein they have made the decision themselves. From the hypothesis testing, the inferential statistics revealed that demographic factors in the case of career, education and income have significance in a relationship with the saving behavior in every dimension, excepting age, status and expenditure have no relationship with the saving behavior in the proportion of saving and saving decision-maker, also the gender has no relationship in every dimension except the amount of saving at level 0.05.

Keywords: Personal Factors, Saving, Saving Behavior, Bangkok Metropolitan Region.

DOI: 10.20472/IAC.2016.025.036

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