INSIDE YOUR POCKET: 78% of respondents who said they feel money-stress DebtBusters’ survey
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GUEST – Amelia de Milander - Marketing Manager at DebtBusters
Increased money stress severely impacting SA’s home, work life and health Three out of four South Africans feel money-stress, more than last year, with particularly women admitting to the effects of financial stress at home and work and on their health. Lower-income earners are the most stressed, while those who earn more have high levels of unsustainable debt. These are some of the findings from DebtBusters’ second annual Money Stress Tracker, one of the largest surveys about how financial stress affects other aspects of South African’s lives.
There were over 35 000 respondents to the online 2023 survey, conducted among a representative sample of South African consumers who are currently not in debt counselling. Of the 78% of respondents who said they feel money-stress (up from 70% in 2022), 94% said it was impacting their home life, 78% their work life and 77% believed it was affecting their health - a clear indication that money stress results in other types of stress. Short-term concerns continue to be the main reason for this stress. Half the respondents said running out of money before the month-end was their main worry. As one put it: “There’s more month than money
Increased money stress severely impacting SA’s home, work life and health Three out of four South Africans feel money-stress, more than last year, with particularly women admitting to the effects of financial stress at home and work and on their health. Lower-income earners are the most stressed, while those who earn more have high levels of unsustainable debt. These are some of the findings from DebtBusters’ second annual Money Stress Tracker, one of the largest surveys about how financial stress affects other aspects of South African’s lives.
There were over 35 000 respondents to the online 2023 survey, conducted among a representative sample of South African consumers who are currently not in debt counselling. Of the 78% of respondents who said they feel money-stress (up from 70% in 2022), 94% said it was impacting their home life, 78% their work life and 77% believed it was affecting their health - a clear indication that money stress results in other types of stress. Short-term concerns continue to be the main reason for this stress. Half the respondents said running out of money before the month-end was their main worry. As one put it: “There’s more month than money
