Signs that consumers are becoming desensitized to high debt levels – Moonstone Information Refinery

Signs that consumers are becoming desensitized to high debt levels – Moonstone Information Refinery

High personal debt no longer triggers alarm for many South Africans – not because they ignore their financial obligations, but because living with significant debt has become normalised. The fourth annual DebtBusters Money-Stress Tracker shows that nearly half (48%) of respondents spend more than 40% of their take-home pay on debt repayments, while 63% allocate at least 30% of their income to servicing debt. DebtBusters advises that repayments s…