Although it might not feel that way, South African households’ real net wealth increased by R300.4 billion over the first six months of 2019. This dissonance – of actually being wealthier, but not feeling that way – possibly stems from confusing income and wealth. Tough economic times are making it difficult for households to finance their expenses with their income, but their wealth grew because the value of their assets increased more than their outstanding debt. (more…)
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