Bangkok: Chulalongkorn University's Faculty of Commerce and Accountancy, in collaboration with the Bank of Thailand, has introduced a new course named "Financial Planning for Life" aimed at building financial resilience among Thai households. The course seeks to address the rising issue of household debt by enhancing financial literacy and raising awareness about systematic financial planning.
According to Thai News Agency, the course was inaugurated by Professor Dr. Vilelert Poorivachara, President of Chulalongkorn University, with a keynote address from Ms. Chayawadee Chaiyanan, Assistant Governor and Spokesperson for the Bank of Thailand. The initiative is part of the university's mission to serve society through education and aligns with its Chula XL platform for lifelong learning.
Professor Dr. Wileart emphasized that the "Financial Planning for Life" course, developed by the Department of Banking and Finance, aims to strengthen financial knowledge among Thai households. This effort reflects the university's broader educational mission and is expected to bolster financial resilience across society.
Associate Professor Dr. Tharathat Mokkamarkkul, Dean of the Faculty of Commerce and Accountancy, highlighted the transition of their courses to online formats to facilitate flexible and self-paced learning. He anticipates that such initiatives will significantly improve financial literacy and contribute to the sustainable resolution of household debt issues in Thailand.
The course development focuses on enhancing public awareness about the importance of systematic financial planning. It underscores the critical role that financial knowledge plays in tackling Thailand's high household debt levels, aiming for sustainable long-term outcomes.
Ms. Chayawadee's lecture, "From Vulnerability to Sustainability: FinLit for Thais' Financial Immunity," pointed out that many young Thais are incurring debt early, with 50% of those aged 30 already in debt. Although a significant portion of the population has savings, very few have adequate savings for the future. She stressed the urgency of addressing debt issues now to prevent further escalation. The Bank of Thailand is committed to this cause and values its collaboration with other agencies in this effort.