An Analysis of Money Saving of Industrial Workers in Phra Nakhon Si Ayutthaya Province

Abstract

The purpose of this research was to study 1) the savings behavior of industrial workers in Phra Nakhon Si Ayutthaya Province and 2) factors affecting the savings of industrial workers in Phra Nakhon Si Ayutthaya Province. The sample consisted of 400 industrial workers in Phra Nakhon Si Ayutthaya province, selected by random sampling. A questionnaire was used as a research tool and data analysis was performed using frequency, percentage, mean and standard deviation.

The results showed that most of the respondents' personal information were female, aged 20-30 years old, had an education level lower than high school or vocational education, were single, and had 1-3 family members. People, family living style, and monthly family income of the majority of respondents were equal. 10,001-30,000 including monthly family expenses of less than or equal to 10,000 baht and family debts of less than or equal to 50,000 baht. As for their saving behavior, most of them saved no more than 1,000 baht per month and monthly savings every month. The purpose of savings is to use in retirement with a savings period of 1-5 years by saving with a financial institution or bank. The form of savings is savings/fixed deposits. In addition, the factors affecting the savings of the respondents were at a moderate level.