Middle-class South Africa is in serious financial trouble

[BusinessTech]

Middle-class South Africa is in serious financial trouble

Eighty20's latest credit stress report shows that South African consumers are showing a concerning sign of rising credit stress, especially among the middle class.

 

[itareanlnotani]

So... less airfryer sales next year then?

 

[Dan C]

So... less airfryer sales next year then?

The middle class can't afford an Airfryer. They buy Air Fryers.

 

[Benedict A55h0le]

"They can always join the poor class. Problem solved!" <- Cadre Elite

 

[Benedict A55h0le]

This is a victory for equality.

 

[Pegasus]

I take that it's mostly people in their 20's that haven't lived though economic cycles that aren't able to cope.

 

[Acinixys]

How can you be so dumb to default on your home loan. I mean really now. Sell your car for a smaller, cheaper one and stop eating out so you can still have a house in 6 months.

 

[blah99]

Thank you ANC voters. Your love for a streetwise 2 and a yellow T-shirt did it for all of us.

 

[Benedict A55h0le]

So I take it the middle class is not standing in the queue to buy solar systems? Welcome to the poor class comrades.

 

[itareanlnotani]

So I take it the middle class is not standing in the queue to buy solar systems? Welcome to the poor class comrades.

Apparently the middle class here is what I would consider poor, did you see the definitions?

 

[Pitbull]

I take that it's mostly people in their 20's that haven't lived though economic cycles that aren't able to cope.

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You do know the average income of middle class I assume right?

I would harbor a guess that most on here fall in the middle class income bracket.

 

[Pegasus]

You do know the average income of middle class I assume right?

I would harbor a guess that most on here fall in the middle class income bracket.

Where are you going with this?

 

[Anthro]

Great, well done NDZ accomplished another one <3 luvu

ANC MPs rally around Dlamini-Zuma after 'class suicide' question | News24

ANC MPs rallied in support of Minister of Cooperative Governance and Traditional Affairs Nkosazana Dlamini-Zuma after she was asked which class she wanted to commit suicide.

www.news24.com

 

[*SynergyX*]

its only going to get worse before it gets any better.... buckle up

 

[OhYeah84]

Middle-class South Africa is in serious financial trouble

Eighty20's latest credit stress report shows that South African consumers are showing a concerning sign of rising credit stress, especially among the middle class.

Sjoe...we know this, and I am sure you guys have written about this recently too. Slow news day? Can't find anything positive to write about?

 

[backstreetboy]

Businesstech doom and gloom

 

[d0b33]

R8k-R30k is still considered middle class?

 

[Benedict A55h0le]

Apparently the middle class here is what I would consider poor, did you see the definitions?

I once fetched a Chinese person from the airport and we were talking about poorness. He said China has really bad poverty so I showed him SA`s poverty and he was shocked and said there are nothing like this in China. SA`s poor are the poorest of the poor in the world, and the middleclass is poorer that the poor of some countries. SA is now quickly becoming a true communist country, with a huge poor class, no middle class, and a super rich cadre elite class. This is what the people of SA want, let them have it.

 

[azbob]

The middle-class aren’t on mybb.

 

[Benedict A55h0le]

Businesstech doom and gloom

Mindless idiotic repetitive spamming.