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Indebted consumers have 39% less buying power than in 2016

Indebted consumers have 39% less buying power than in 2016
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Spike in debt counselling enquiries as consumers take strain

‘As a result of lack of growth and incomes, people are having to borrow so that they can put food on the table, and they can deal with the necessities of life to the extent that we've seen average unsecured debt size grow by about 32%,’ says Benay Sager, executive head of DebtBusters.

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2023 was one of hardest years SA consumers ever had to face – DebtBusters

2023 was one of hardest years SA consumers ever had to face – DebtBusters
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Indebted consumers have 39% less buying power than in 2016

2023 was the most financially challenging year ever for indebted consumers, with high interest rates, inflation and poor growth affecting their disposable income.

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More consumers opt for debt counselling as they battle to pay their bills

*Ntokozo,a general retail store manager, was in so much debt that he had to cancel his parents’ funeral cover, car insurance and cut down on buying red meat.

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How dealing with debt could do wonders for your mental health

Nosiphiwo Nxawe at DebtBusters explains the five stages of response to financial difficulties and provides some tips on how to recognise the signs early and deal with the mental-health implications.

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Dealing with debt could do wonders for your mental health

Dealing with debt could do wonders for your mental health
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

South-africa , South-africans , Debtbuster-nosiphiwo-nxawe , Nosiphiwo-nxawe , National-debt-awareness-month , Debtbuster-nosiphiwo ,

How dealing with debt could do wonders for your mental health

Nosiphiwo Nxawe at DebtBusters explains the five stages of response to financial difficulties and provides some tips on how to recognise the signs early and deal with the mental-health implications.

South-africa , South-africans , Debtbuster-nosiphiwo-nxawe , Nosiphiwo-nxawe , National-debt-awareness-month , Debtbuster-nosiphiwo , Debt , Stress , Money , Mental-health , Finances ,

Q4 2021 Debt Index: Interest rate increases intensify pressure on consumers

Q4 2021 Debt Index: Interest rate increases intensify pressure on consumers
iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.

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