This is according to a Cape Town-based debt Review Company.
According to DebtBusters, evidence of the financial pressure workers are experiencing can be seen in the increase in the number of debt counselling enquiries. The company’s Debt Index shows that debt counselling enquiries grew by more than 32% in January 2022 compared to January 2021. Annaline van der Poel, Business Manager at Debt Rescue, says debt counselling is the most effective way of elevating the financial stress that indebted workers suffer.
A 2020 study by the University of Cape Town into emerging literature on debt and mental health shows that being highly indebted is stressful and it leads to psychological problems.
This is news.
These austerity measures has been imposed on workers to satisfy the needs of shrewd business operators and bankers. For the consumers to get out of this spider web it will take the change of the draconian system as it is, and settle in the system which caters the needs of all.
Siphefumula ngamanxeba
Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met Williamchurch07 and started Bitcoin trading, I earned R500,000 in 3 weeks thanks Williamchurch07
With no increase in wages