×îÐÂÌÇÐÄVlog

Record decline in purchasing power for SA households

South ×îÐÂÌÇÐÄVlogn households have experienced an unprecedented decline in their purchasing power over the past year. In our latest Economic Briefing Report, SACES estimates that households’ gross disposable incomes on a real per capita basis fell by around 7 per cent in 2022/23. Consequently, households are finding it increasingly difficult to sustain their spending levels. This situation will continue to suppress household spending in 2024, which will lead to a slowdown in South ×îÐÂÌÇÐÄVlog’s economic growth next year.

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