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The Star | Consumers face perfect storm of rising rates and inflation

CONSUMERS are now facing a perfect storm of rising interest rates and growing inflation, warned DebtBusters. DebtBusters' 04 2021 Debt Index was published this week as part of its National Debt Awareness Month campaign, aimed to better inform consumers about managing debt and the effect of rising interest rates. This year's theme is: Know what's in your best interest. DebtBusters head Benay Sager said the impact of rising fuel prices, higher inflation and lack of growth in incomes had resulted in elevated levels of unsecured debt.

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