Along with access to some retirement savings could provide a lifeline for struggling consumers - but only if they grab it.
The first thing consumers should do with this extra money is pay off expensive debt, says Benay Sager, executive head of DebtBusters.
"While the 25-basis point repo rate cut and a slight decline in inflation will provide some relief, it is not significant," he says.
"However, taken with the 20% decrease in fuel costs since May, it will contribute to more disposable income for most consumers.
"This and the ability to access some retirement funding will enable them to improve their finances.
Bu hikaye The Citizen dergisinin October 21, 2024 sayısından alınmıştır.
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Bu hikaye The Citizen dergisinin October 21, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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