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How many people fall for scams in South Africa

How many people fall for scams in South Africa Subscribe New data from consumer credit reporting agency TransUnion shows that during desperate financial times, people often resort to desperate means to provide for their families. This can open them up to scam artists. A year after the World Health Organisation declared Covid-19 a global pandemic, its economic impact continues. This is the message contained in the latest findings from the Consumer Pulse Report by Trans Union showing the the majority of (87%) consumers remain concerned about their ability to pay their bills and loans. Only 3% of surveyed households indicated their finances have fully recovered since being negatively impacted by the pandemic. Just over half (51%) said they’re not recovered.

South African consumers are struggling to pay their bills

Cape Business News April 28, 2021 Cards Source: Google Images The latest findings from the research Consumer Pulse Report by TransUnion shows the financial impact of the Covid-19 crisis on South African consumers has dropped drastically by 20 percentage points to 62%. The majority (87%) of consumers however, remain concerned about their ability to pay their bills and loans. Only 3% of surveyed households indicated that their finances have fully recovered from the negative impact of the pandemic, and just over half (51%) said they have not yet recovered. Around three quarters (74%) of respondents said they have cut back their discretionary personal spending; 42% cancelled subscriptions/ memberships; and 38% have cancelled or reduced digital services, the report found.

South African consumers are struggling to pay their bills

South African consumers are struggling to pay their bills
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