Johannesburg – Economic uncertainties are adding pressure on consumers, who are feeling more financially stressed, an index revealed.
The MMI Unisa Consumer Financial Vulnerability Index declined from 52.71 in the last quarter of 2016 to 52.32 in the first quarter of 2017. The index is a quarterly indicator of how consumers feel about their income, expenditure, savings and debt servicing capabilities and is based on responses from 100 informants from several industries.
Consumers may consider what is happening in the economic environment and then draw conclusions on how this will impact them, explained Shelley van der Westhuizen, head of corporate financial wellness and client experience at MMI.