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Home » Living in Thailand » Pensioners in trouble due to low euro (video)
Pensioners in trouble due to low euro (video)
Posted in Living in Thailand
Tags: Euro, Retirement, Pensioner, Radio Netherlands Worldwide
by Marijke van den Berg (RNW)
Due to the bad exchange rate, pensioners get much less Baht for their euro. Compared to six months ago, the Dutch receive more than 20 percent less Baht for their Euro. This makes living on a small pension even relatively cheap Thailand, difficult.
You can't knock on the door for help, they don't get rent subsidies and food banks don't exist. Some Dutch people are therefore considering returning to the Netherlands. With great reluctance, yes.
Have these compatriots been deregistered in the Netherlands? Did they properly assess all the risks at the time? There are more questions, but blaming the Euro is too simplistic. Cost of living is more than just rent, food and drinks. Hopefully a lesson for everyone who thinks the grass is greener on the other side.
I actually find this reaction a bit short-sighted, who should these pensioners blame, then except for the low Euro value, even the best economists could not have foreseen this,
You can't blame someone for receiving 20% less in one go, and the end is not yet in sight, it might rise to 40% if the Euro ever comes to 1 to 1 with the dollar .
I give it to you.
I wish these compatriots a lot of strength, instead of some lame remarks.
And indeed the grass is slightly greener in Thailand.
Peter Holland 104 x Thailand from 1977
Everyone has their own responsibility and the question is whether the low Euro exchange rate is only the result of the economic crisis. The size of the AOW benefit also depends on the uncertain factor with regard to political decision-making in the Netherlands. There is also the uncertain factor of hospital costs that we all have to deal with as we age. In short, many uncertain factors that make the choice to burn all ships behind you and assume that Thailand is the solution, an irresponsible one. My choice and advice is: make sure you have a home in the Netherlands and stay in Thailand on the basis of a non-immigrant visa.
Well, it is indeed no longer a fat pot, but maybe his young wife can start working to add a little extra to the household money.
It seems to me that, even with the significant currency loss, living in Thailand is still considerably cheaper than living in the Netherlands on the same pension. I therefore do not see how returning to the Netherlands is a solution.
On this site there is an article about how you can get by with 500 dollars in Thailand, so sir still has money left.
http://opentravel.com/blogs/the-cheapest-places-to-live-in-the-world-500-a-month/
yes, it is a pity that our good euro has fallen so much, thanks to the countries that are to blame. yes, I also felt the pain of the bad exchange rate 8 weeks ago. in Thailand and now everything in Holland is becoming even more expensive. Too bad
And the increase in the (minimum) wage will push up inflation even further. But yeah, that's part of the game. And of course it would be too crazy if Thailand had to pay for food banks for poor Dutch people who no longer have money. If you can no longer afford food in Thailand, I would use a repatriation plane ticket bank because even at tourist spots such as Second Road in Pattaya you can still get a cup of soup with rice and chicken and vegetables for EUR 1.50.
Take a look at what the stock market in Thailand has done in the past year, put the picture at 2 years, or 5 years, and compare it with the AEX in the Netherlands.
http://www.iex.nl/Index-Koers/190118482/THAILAND-SET.aspx
It is going well there and people now want to get paid for it. If you had invested in the Thai stock market, you would have earned a lot and the exchange rate difference would no longer bother you. If you travel to Thailand under the motto 'the benefits and not the burdens' then you should not cry crocodile tears if circumstances change to your disadvantage.
If you can't absorb a 20% fluctuation in your income/spending options, you're just very marginal and you should really just be happy that you were able to keep it up for a while. Because what you've had they can never take away from you. Back to Holland and hold out your hand again.