Survey reveals survival economics in an environment of rising living costs and declining disposable income – Property Wheel

Survey reveals survival economics in an environment of rising living costs and declining disposable income – Property Wheel

South Africa is a financially stretched population, navigating the widening gap between earnings, access to savings, and the increasing cost of living according to short-term lender Wonga’s latest Credit Utilisation Survey. Of the +12 000 respondents, more than two-thirds said they do not have savings. “Each year we survey a substantial database in winter and summer, and the reality is clear; far too many South Africans earn less than R7 500 wit…