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Prepare for the Covid credit bubble about to burst

Prepare for the Covid credit bubble about to burst. Consumers are over-indebted while still unable to earn a steady income. Our reliance on credit in a pandemic-fueled world will be our downfall if we don’t get it under control. This stern warning comes from Momentum financial adviser Janine Horn, who says South Africans are already preparing for a wide range of price hikes after the budget speech, as taxes, inflation, interest rates and rising food prices will push the cost of living to unmanageable heights. While we anticipate these inevitable results every year, this year is…

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