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The Squeezed Middle: Why South Africa’s Middle Class is Losing Confidence.
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Manage episode 508478653 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Guest: Nomvelo Moima – Junior Economist, Bureau for Economic Research (BER)
South Africa’s Consumer Confidence Index has slipped further into the red at -13 for the third quarter, but it’s the middle class that’s really feeling the squeeze. Confidence among households earning between R5,000 and R20,000 a month has dropped sharply from -7 to -16, reflecting the mounting strain of high food inflation, weak job creation, shrinking two-pot retirement payouts, and rising living costs.
Nomvelo Moima unpacks why the middle class is bearing the brunt compared to low- and high-income earners, the paradox of pessimism despite easing interest rates and modest economic growth, and what these diverging confidence levels say about South Africa’s uneven recovery. Kaya FM
…
continue reading
South Africa’s Consumer Confidence Index has slipped further into the red at -13 for the third quarter, but it’s the middle class that’s really feeling the squeeze. Confidence among households earning between R5,000 and R20,000 a month has dropped sharply from -7 to -16, reflecting the mounting strain of high food inflation, weak job creation, shrinking two-pot retirement payouts, and rising living costs.
Nomvelo Moima unpacks why the middle class is bearing the brunt compared to low- and high-income earners, the paradox of pessimism despite easing interest rates and modest economic growth, and what these diverging confidence levels say about South Africa’s uneven recovery. Kaya FM
174 episodes
M4A•Episode home
Manage episode 508478653 series 2915042
Content provided by Kaya 959. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Kaya 959 or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Guest: Nomvelo Moima – Junior Economist, Bureau for Economic Research (BER)
South Africa’s Consumer Confidence Index has slipped further into the red at -13 for the third quarter, but it’s the middle class that’s really feeling the squeeze. Confidence among households earning between R5,000 and R20,000 a month has dropped sharply from -7 to -16, reflecting the mounting strain of high food inflation, weak job creation, shrinking two-pot retirement payouts, and rising living costs.
Nomvelo Moima unpacks why the middle class is bearing the brunt compared to low- and high-income earners, the paradox of pessimism despite easing interest rates and modest economic growth, and what these diverging confidence levels say about South Africa’s uneven recovery. Kaya FM
…
continue reading
South Africa’s Consumer Confidence Index has slipped further into the red at -13 for the third quarter, but it’s the middle class that’s really feeling the squeeze. Confidence among households earning between R5,000 and R20,000 a month has dropped sharply from -7 to -16, reflecting the mounting strain of high food inflation, weak job creation, shrinking two-pot retirement payouts, and rising living costs.
Nomvelo Moima unpacks why the middle class is bearing the brunt compared to low- and high-income earners, the paradox of pessimism despite easing interest rates and modest economic growth, and what these diverging confidence levels say about South Africa’s uneven recovery. Kaya FM
174 episodes
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