What are the actual requirements for obtaining a long-term visa to stay in Thailand for 6 months?

The inquiry revolves around the perceived strict requirements for obtaining a long-term visa for Thailand, specifically the requirement for six months of bank statements demonstrating a minimum balance of $7000 each month. However, responses indicate that this information may be misinterpreted, as documentation expectations can vary between consulates. Many users suggest that only a single bank statement showing a total minimum of $7000 is typically necessary. They also point out that the Single Entry Tourist Visa (SETV) might be a more feasible option, which allows an initial 60 days with a possible extension and the option to renew by traveling to neighboring countries. Additionally, various personal experiences illustrate the lower cost of living in Thailand, contrasting with the financial requirements stated.