Consumers find it difficult to stick to a savings culture while the economy causes so much financial distress. A total of 48% of respondents report that they cannot cover basic essentials like food, energy, housing and healthcare, while another 41% say they only just manage their essential day-to-day living costs. Concerning insights from the latest Debt Rescue consumer savings survey highlight a severe disconnect between South Africans’ desire to save and their inability to.

This is in no small part due to South Africa’s struggling economy and its impact on consumers, painting a grim picture of a nation living from month to month and on the brink of financial ruin. Click here to read the full text article