Saving and Dissaving Behaviour in an Aged Society

Saving and dissaving behavior in Thailand is examined using nearly three decades of household survey data, with a focus on age groups and generational cohorts. Results show a hump-shaped life-cycle pattern, where savings peak at ages 56–65 and remain positive into old age, challenging traditional theory. Baby Boomers and Generation X consistently save more than Generation Y due to differing economic experiences. Findings highlight the influence of precautionary motives, cultural norms, and limited pension coverage. Overall, demographic change, cohort differences, and socio-economic factors play a crucial role in shaping financial behavior and informing policies for financial security in an aging society.

Learn More About It Here