Saving and Living Expense Behaviors of the Elderly in Ban Tak District, Tak Province

Abstract

The purposes of this research article were 1) to study saving behavior and saving reasons; 2) to study the relationship between saving behavior and saving reasons; and 3) to study the living spending behavior of the elderly in Ban Tak District, Tak Province. Data were collected by questionnaires from a sample of 361 elderly people in Ban Tak District, Tak Province, using a systematic random sampling method. The statistics used in data analysis were descriptive statistics and correlation statistics. The results of the research revealed that 1) the saving behaviors of the elderly were deposits in cooperatives and agricultural banks (BAAC) at the highest with an average of 4.02, followed by policy savings at a high level with an average of 3.66. The purchase of lottery tickets was moderate with an average of 2.90 and real estate savings had an average of 2.67, respectively; 2) reasons for selecting saving behavior for living of the elderly were, namely it had no risk and quickly converted to cash with an average of 3.76 and 3.76 respectively, including receiving a very high return with an average of 3.49 and being moderately tax deductible with an average of 2.85.; 3) the relationship between saving behaviors and saving reasons had a high level of correlation and they were in the same direction at the statistical significance level of 0.01; and 4) living spending behaviors found that the elderly had expenses for emergency expenses and for taking care of their families at the highest level of 4.31 and 4.22, respectively, including medical expenses at the high level with an average of 3.23. In addition, expenses for general use were moderate with an average of 2.95, and expenses related to the purchase of low-level properties were at an average of 2.25.