Household net wealth deteriorates further in the second quarter of 2017
05 October 2017
The real value of South African households’ net wealth decreased in the second quarter of 2017 (Q2 2017) to levels last seen in 2014. This crunching blow means that a growing number of households will among others not be able to cope with emergency expenses and also not have a sufficient income in retirement. In short, South African households’ quality of living is in a state of deterioration.