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Household debt falls for 1st time since 2002

29 September 2020 3:26 PM
Tags:
Debt
Bloomberg
Household debt
debt-to-disposable-income

Disposable incomes, however, are evaporating fast, leading to a marked deterioration in the ratio between debt and income.

Household debt in South Africa is falling, reports Bloomberg.


Related articles:


Households carried R2.27 billion of debt in the second quarter (Q2) of 2020, ever-so-slightly down from R2.3 billion in Q1/2020.

It’s the first time since Q3/2002 that household debt has come down.

However, when measured in relation to disposable income, household debt surged to 85.3% (from 73.6%).

For more detail, read: "South African household debt drops the first time in 18 years" - Bloomberg


29 September 2020 3:26 PM
Tags:
Debt
Bloomberg
Household debt
debt-to-disposable-income

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