Cutting Back on Food and Groceries: Insights from Wonga Survey
Sunday, 11 August 2024, 07:36
Understanding Consumer Spending Amid Economic Pressures
As economic pressures mount, many South Africans are finding themselves cutting back on food and groceries. A recent Wonga survey highlights this shift in consumer behavior, driven by escalating living costs and high inflation rates.
Key Findings from the Wonga Survey
- Rising costs influence purchasing decisions.
- Many households are opting for cheaper alternatives.
- Low-income groups are particularly affected.
Overall, the Wonga survey paints a concerning picture of how consumers are adjusting their shopping habits in response to economic challenges.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.