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The debt statistics, especially for higher income earners, are alarming.
Figures released as part of National Debt Awareness Month show that, on average, higher income earners have increased their debt by 50% since 2014.
In this week’s edition of the My Money, My Lifestyle podcast, City Press personal finance writers Maya Fisher-French and Mapalo Makhu unpack the reasons for this debt spiral and what to do if you are no longer keeping your head above water.
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| City Press is an agenda-setting South African news brand that publishes across platforms. Its flagship print edition is distributed on a Sunday. |
