IMPACT OF DEBT ON RETIREMENT SAVINGS SUFFICIENCY: A CASE STUDY OF GENERATION Y IN HAT YAI DISTRICT, SONGKHLA PROVINCE

Abstract

This study aims to examine the impact of debt burden on the sufficiency of retirement savings and to analyze personal factors influencing the saving behavior of Generation Y in Hat Yai District, Songkhla Province. The target population consists of 95,706 Generation Y individuals. Using Yamane’s formula, a sample size of 376 respondents was determined. Data were collected from December 2024 to March 2025 and analyzed using descriptive statistics, including frequency, percentage, mean, and standard deviation, as well as inferential statistics for hypothesis testing. The findings are expected to reveal differences in saving behavior and the sufficiency of retirement savings between indebted and non-indebted groups, and to identify personal factors related to the adequacy of retirement funds. The results of this study will be beneficial to government agencies, private organizations, and financial institutions in developing policies to reduce debt burdens, promote retirement savings, and improve the long-term quality of life of the population.