City Press

FINANCIAL stress SOARS IN SA

Financial stress has soared, with 58% of households across South Africa facing high or overwhelming financial stress as the Covid-19-induced economic crisis knocks savings and raises debt levels. This is just one of the alarming figures revealed in the latest Old Mutual Savings & Investment Monitor.

The annual survey provides insight into what is happening to working urban household finances in real time, well before it reflects in macroeconomic statistics.

It gives insight into the behaviour and

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