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TransUnion sees consumers' bill pressures rising

Tricky times: The rising cost of living and tightening economic conditions have piled more pressure on consumers
Tricky times: The rising cost of living and tightening economic conditions have piled more pressure on consumers

Local consumers who have been facing a rising cost of living amidst stagnant wages, are expected to default on bills such as rent and mortgages as disposable incomes continue to shrink, a new study suggests.

One in three Batswana have expressed pessimism over the ability to meet their financial obligations, and are now turning to “side gigs” to make ends meet.

A report by leading credit bureau TransUnion, covering the second quarter of this year, showed that local consumers were reeling under the weight of a slowing economy and facing steeper costs of living.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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