Consumers still optimistic about finances – study | The Citizen

💰😊 Despite current economic challenges like high inflation and interest rate hikes, consumers remain optimistic about their finances. 📈💪 TheCitizenNewsBusiness Read more on the story ⬇️

However, only a third believe they have sufficient access to credit, while 92% of consumers believe keeping track of their credit reports is crucial for effective financial management and only 50% do so at least monthly and 21% never check their credit reports at all.

“While one third of families report an increase in their income, almost a quarter faced a decline. Most people remain optimistic about their future income, but the management of debt remains a major concern for their finances. Four in 10 Baby Boomers expected an increase in bills and loans, while Millennials and Gen Z intended to increase contributions to retirement funds and investments, reflecting a generational pivot towards securing long-term financial stability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

TheCitizen_News /  🏆 6. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ombud still bats for consumersOmbud still bats for consumers: The Credit Ombud oversees disputes between consumers and credit providers.
Read more »

Ombud still bats for consumersThe Credit Ombud oversees disputes between consumers and credit providers.
Read more »

RSAWEB helps consumers save big with packed Epic Fibre dealsRSAWEB, the highest-rated internet service provider (ISP) in South Africa, is now offering the most competitively priced Fibre Internet in the country, through its limited Epic Fibre Deals.
Read more »

Another truck attack: Five carriers torched in Waterval Boven, Mpumalanga | The Citizen⚠️Mpumalanga police said a Toyota Hilux bakkie and sedan stopped the trucks before Waterval Boven tunnel and set them alight 🔥 N4Protest Mpumalanga WatervalBoven TrucksTorched 🚛
Read more »

Infighting in Nelson Mandela Bay metro detracts from delivery | The CitizenThe Nelson Mandela Bay metro in the Eastern Cape faces a severe housing crisis as political infighting among parties has led to a complete halt in house construction.
Read more »

'No point in North West probe': Allegations of favouritism surface | The CitizenThe North West province’s MEC for public works and roads, Gaoage Molapisi, has ordered internal 🕵🏽investigations after the recent appointment of a contractor in a💵 R134-million tender. Full story➡️
Read more »