Big interest rate hike expected

  • Thread starter Thread starter Jacques Bartleman
  • Start date Start date
The Middle class has an average debt to income of 85%

Basically they will crunch those taxpayers that still has anything till everyone is bankrupt
 
ToxicBunny said:
Mind posting a source for that "stat"
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South Africa Households Debt To Income

Households Debt in South Africa decreased to 61.90 percent of gross income in 2025 from 62.70 percent in 2024. This page provides - South Africa Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com tradingeconomics.com

The Reserve Bank also publishes it on their website, you could go look it up there too.
 
rvZA said:

South Africa Households Debt To Income

Households Debt in South Africa decreased to 61.90 percent of gross income in 2025 from 62.70 percent in 2024. This page provides - South Africa Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.
tradingeconomics.com tradingeconomics.com
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So I read that as 67% not 85%
 
rvZA said:
Take a look at previous years. There is an anomaly in 2021. Obviously the whole country did not settle their debt after Covid.
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Still don't see an 85% number as touted in the other post...
 
But this might even make @Corelli have a small conniption. The actual figure for income to debt ratio for the middle class is probably closer to 150%.
 
ToxicBunny said:
Still don't see an 85% number as touted in the other post...
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Today it may well be way more than that, considering covid, the riots, the job losses, the decline in the economy the past 2 years.
 
rvZA said:
Today it may well be way more than that, considering covid, the riots, the job losses, the decline in the economy the past 2 years.
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If they lost their job then they aren't middle class anymore, they're poor and will soon be homeless.
 
Dan C said:
We are waiting for our next lesson.
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And so I type this burning petrol and f**king up the ozone layer for the third time today. And people still wonder about continuous inflation and big interest hikes.....
 
3WA said:
#debtfree


#ohcrapbutIdon'thaveahouse
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Same here, was always the plan to settle in the UK but cancer went WTF do you think you're going..

Oh well there always vanlife..
 
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