More than a third of South Africans are living beyond their means and turning to credit to stretch their income as prices for common goods continue to rise, a latest survey found.
More than a third of South Africans are living beyond their means and turning to credit to stretch their income as prices for common goods continue to rise, a latest survey found.
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BUSINESS NEWS - South Africans worry more about their money, even more than the health impact of Covid-19, according to a new survey.
It is not surprising seeing that Covid-19 began as a health pandemic and has now transformed into a full-blown financial crisis around the world.
Deloitte’s latest State of the Consumer tracker, which measures consumer sentiment across 18 countries for March 2021, indicates that while anxiety levels are declining in most regions, countries such as India, Chile, South Africa, Italy and Ireland reported rising anxiety levels.
Consumers in these countries reported their anxiety had increased in the last week, with Indian consumers 27% anxious, followed by South Africa at 12% compared to anxiety levels declining by at least 10% in the US, UK and Japan. Covid-19 remains the primary anxiety driver, except in South Africa where financial concerns took centre stage.