Middle income households survive on 20 percent of their salary: Study
A study by First National Bank (FNB) estimated that it takes an average of five days for a middle-income consumer to spend up to 80 percent of their monthly salary. The study suggests that the average middle-income consumer, earning between R180 000 and R500 000 per annum, survives on 20 percent of their monthly salary for more than 20 days in a month. The bank’s money management product head Ester […]
