There will again not be much Christmas cheer for South Africans this year as about 94 of survey participants indicate theyll be under severe financial pressure during the peak festive season.
Statistics from a recent Debt Rescue survey paint a grim picture of households across the country. They are either hanging on by a thin thread or no longer able to hang on at all as we head into the peak festive season, traditionally the season of spending and splurging.
The survey was conducted to determine the real state of consumer finances at this time of year, focusing on the festive seasons expenses in the face of the nations economic hardships.
