DebtBusters says more consumers seek help to counter high inflation

VAAL TRIANGLE - DebtBusters executive head, Benay Sager, says according to its Debt Index report for the first quarter of 2024 more consumers seek help to counter high inflation, interest rates, and stagnant income. Demand for debt counselling increased by 22-percent and subscriptions for online debt-management services went up by 30%. Sager says persistently high interest rates and inflation, especially food inflation continues to erode consumers’ disposable income, while a lack of any meaningful economic growth is constraining salaries.

PHOTO: (Supplied)