The average middle-class South African has run out of runway, having already depleted savings and now tapping into whatever credit facilities they may have.
Tag - Old Mutual Savings and Investment Monitor
South African households appear to have a better handle on debt levels, but this could be at the expense of savings, especially for emergencies.
The latest figures from the Old Mutual Savings and Investment Monitor show increasing levels of financial stress, even among high-income earners.
The latest Old Mutual Savings and Investment Monitor suggests that household finances are set to deteriorate further, especially for the so-called “sandwich generation”.
The latest Old Mutual Savings Monitor shows that South Africans are coming to terms with their new economic reality and taking control of their finances, but it’s still really tough to make ends meet. As households come under pressure from rising costs such as a higher petrol price, electricity and school fees, many have no choice but to cut back...