Business Day | Consumers feel pinch of rising debt costs

DebtBusters head Benay Sager said even though nominal incomes are on par with 2016 levels when it factored in the cumulative inflation growth for the same sixyear period, findings show consumers' purchasing power shrank 33%. "This means consumers are taking home 33% less today in real terms than they did in 2016." Sager said.

Read the full article in Business Day