According to the Debt Index by DebtBusters, the number of people seeking help from debt counsellors grew 40% year-on-year in the first quarter. The data also showed that consumers spent close to two-thirds of their net income to pay off debt. Companies Reporter for Business Day, Nico Gous joins Business Day TV to unpack how high inflation and interest-rate hikes squeeze disposable income and hamper consumers’ ability to repay liabilities.
WATCH: Debt index shows 40% rise in people seeking debt counselling
Thanks! Share it with your friends!
- Rating:
- Views:552 views
- Tags:
counselling, Debt, Index, People, Rise, seeking, shows, WATCH
- Categories: Debt Counselling
Comments