A Middle-Class Dip
According to the latest Credit Stress Report, the Mass Credit Market (-3.2% YoY) and Middle Class Workers segments (-0.5% YoY) saw declines in total loan balances in 2024 Q4, while Heavy Hitters (+4.5%) and Comfortable Retirees (+6.9%) grew.
For more insights on the impact of the economy on South African consumers, download the latest Eighty20 Credit Stress Report