SA families eaten up by debt burden

Increase in borrowing to pay for groceries as middle class pinched

29 December 2019 - 00:00 By GRAEME HOSKEN

The struggling middle class faces a financial meltdown in 2020 as debt and the cost of living spiral upwards.

Debt-counselling experts say the widespread absence of bonuses and salary increases means millions of workers will borrow more this year just to repay existing debts...

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