Despite signs that the economy is starting to improve, consumers are facing a festive season containing more no-no-no than ho-ho-ho this year.
A survey shows that 68% of participants will stay home and 71% will not be able to afford gifts for their loved ones.
Debt Rescue's festive season survey shows that:
A massive 68% of participants have no plans to travel and 62% attribute their decision to the high cost of fuel. It is evident that this will be a staycation festive season for most South Africans;
About 71% of people polled say they may have to give up on any gifting purchases at all;
About 57% of participants say high inflation is definitely a primary driver behind the changes in their festive spending behaviour, with others citing the still-high repo rate;
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