Thailand’s high household debt is a result of sluggish economics, generous lending and “coincidence”. But fixing the problem might cause some financial pain throughout the country. BANGKOK: Thailand was in the very final stretches of the wet season in late 2011 when the levees broke. Bangkok was exposed to a rush of floodwaters from the north, a deluge that would engulf the capital and impact an estimated 13.6 million people. Countless homes, vehicles, businesses and fields were left in ruin.