Financial impact on households remains extensive; financial concerns continue to be most prevalent among Millennials and Gen X.
Compared to a week ago, a slightly higher percentage of South Africans are being negatively impacted financially (81% vs 79% last week).
Nearly a third (31%) of impacted consumers had their work hours reduced (similar to week one).
The proportion of impacted consumers who are concerned about paying their bills remained fairly consistent at 88% (89% last week). This decreased from 92% to 90% over the last week for Millennials, and increased from 95% to 98% for Gen X.
Respondents said they will be short on their bills and loans about R7,000 on average in the near future, which is the same as last week. However, the length of time they estimate until they cannot pay increased from 6.2 weeks to 6.7 weeks.
There is no change in the number of impacted respondents that have lost their job (10%) as a result of the COVID-19 pandemic.