According to Debtline, unmanageable debt levels affects the mental health of 67% of South Africans every day.
Debt is not just a number on a balance sheet, but a burden many South Africans carry daily that affects their overall health and quality of life.
South Africans already grapple with mental well-being, scoring one of the lowest mental health scores in the Mental State of the World 2022 report. “Prolonged financial strain can lead to a range of health problems. We often see increased depression and anxiety rates and even physical ailments among those struggling with debt.
She recommends these practical steps to help South Africans regain control of their finances and improve their overall well-being: Use available tools: Ndimande suggests people leverage technology and resources to help them manage their finances better. “These tools can provide valuable insights into your credit score and access to financial coaches who can offer guidance on improving your financial health.”
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