{"id":8921,"date":"2024-05-13T09:04:07","date_gmt":"2024-05-13T07:04:07","guid":{"rendered":"https:\/\/datanamixdev.wpengine.com\/media\/?p=8921"},"modified":"2024-05-15T11:53:55","modified_gmt":"2024-05-15T09:53:55","slug":"big-trouble-for-south-africans-earning-more-than-r20000-per-month","status":"publish","type":"post","link":"https:\/\/www.datanamix.com\/media\/2024\/05\/13\/big-trouble-for-south-africans-earning-more-than-r20000-per-month\/","title":{"rendered":"Big trouble for South Africans earning more than R20,000 per month"},"content":{"rendered":"\n

Debt levels for South Africans earning more than R20,000 a month are reaching record levels, where households are now spending two-thirds of their income paying off debt.<\/span>

The latest DebtBusters Debt Index for the first quarter of 2024 shows that persistently high interest rates and inflation \u2013 especially food inflation \u2013 continue to erode consumers\u2019 disposable income, while a lack of any meaningful economic growth is constraining salaries.<\/p><\/p>\n\n\n\n

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Read More<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Debt levels for South Africans earning more than R20,000 a month are reaching record levels, where households are now spending two-thirds of their income paying off debt. The latest DebtBusters Debt Index for the first quarter of 2024 shows that persistently high interest rates and inflation \u2013 especially food inflation \u2013 continue to erode consumers\u2019 […]<\/p>\n","protected":false},"author":18,"featured_media":8922,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[138],"tags":[190,188,189,187],"class_list":["post-8921","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-watch","tag-news","tag-south-africa-finance","tag-south-africa-finances","tag-south-africa-news"],"yoast_head":"\nBig trouble for South Africans earning more than R20,000<\/title>\n<meta name=\"description\" content=\"Debt levels for South Africans earning more than R20,000 a month are reaching record levels, where households are now spending two-thirds of their income paying off debt.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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