FACTORS AFFECTING SAVINGS LEVEL OF INFORMAL EMPLOYEES IN PATHUM THANI PROVINCE

Abstract

This aims of this study were to study the saving behavior of casual employees in Pathum Thani province, and to examine the factors affecting the savings of casual employees in Pathum Thani province. The sample group used in this study comprised 400 casual employees in Pathum Thani province. The research instrument used to collect data was a questionnaire. The statistics used to analyze data were frequency, percentage, mean, standard deviation, independent sample t-test, one-way ANOVA, and multiple regression analysis at a statistically significant level of .05.

The study results indicated that most casual employees' savings behaviors indicated making uncertain average monthly savings, not setting their average monthly savings goal, and having monthly savings determined by the remaining money. In terms of saving methods, most of them saved by depositing money into a savings account while the most important savings goal was emergency reserves. The results of hypothesis testing revealed that: 1) difference in personal factors of age affected the average monthly savings of casual employees differently whereas differences in gender, educational level, marital status, occupation, and the number of children had no effect on average monthly savings; 2) the economic factors in the dimension of product prices level influenced average monthly savings while income, consumption, and interest rates had no effect on the average monthly savings of casual employees; and 3) social factors including the number of branches of financial institutions and savings goals affected average monthly savings whereas the dimensions of motivation and advertising had no impact on the average monthly savings of casual employees at a statistically significant level of .05.