#Savings

A recent Vanguard study suggests that saving at least $2,000 in a savings account can meaningfully reduce financial stress. The July 2024 research surveyed more than 12,400 investors and found that households with this cushion reported notably better financial well-being. Even participants without savings can gain emotional benefits by starting small and building up over time.

Across Thailand, money worries are a daily challenge for many families. Rapidly rising costs, economic uncertainty, and lingering effects of the pandemic contribute to stress. Bank of Thailand data shows Thai household debt remains high, with most families carrying some form of debt in 2024. In this environment, even modest savings can help protect mental health and daily stability.

A recent survey by investment firm Vanguard reveals a surprisingly attainable threshold for financial peace of mind: having at least $2,000 set aside in a savings account is linked to markedly lower stress levels regarding money, according to new research released in July 2024. The report, based on a survey of over 12,400 investors, emphasizes that while saving large sums may seem out of reach for many, even a modest emergency fund offers powerful emotional and practical benefits (YourTango).