The latest Debt Rescue Survey on the levels of financial distress among South African households suggests that the year has been so dire for consumers, that some may not be able to enjoy the festive season as they have in the past due to affordability constraints.
Some consumers are consciously deciding to cut down on their Christmas expenses, so as not to fall further into financial peril going into next year.
To tell us more about what the survey uncovered, I’m joined by Neil Roets, CEO: Debt Rescue.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Seventy-five percent of respondents surveyed by DebtBusters Money-Stress Tracker say they are under financial stress.

One of the many concerns from this group of people is the fear of running out of money as well as not being able to pay off debt.

The survey was done online between May and June this year. It also found that respondents are less stressed about interest rate hikes as well as loadshedding.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.