BusinessTech | South Africa’s middle class is in serious trouble right now

The latest debt index from DebtBusters shows that middle-class South Africans are falling further into debt as a six-year decline in disposable income and a higher debt burden have contributed to the financial challenges many South Africans are facing.

Data from the debt management company shows that for those taking home more than R20,000 per month the total debt to annual net income ratio has spiralled to 150%.

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