The age of debt

The age of debt

While the age at which the largest number of people have a Retail Account is 31, for Mortgages, it is 20 years older. People switch from Vehicle Asset Finance to Mortgages around the age of 40, and Credit Cards catch up to Unsecured Loans as people hit their 50s.
Read more in The Eighty20/XDS 2021Q1 Credit Stress Report: https://www.eighty20.co.za/credit-stress-report/

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