Covid-19’s collateral damage: 34% of households move from middle class to poverty

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Covid-19’s collateral damage: 34% of households move from middle class to poverty. Picture: Supplied
Covid-19’s collateral damage: 34% of households move from middle class to poverty. Picture: Supplied

At least 34% of households are likely to exit the middle class into vulnerability. This is according to the UN in South Africa Socioeconomic Impact Assessment of the Covid-19 coronavirus study launched on Wednesday.

The study looked at both the macro- and micro-economic implications of the Covid-19 pandemic in the South African society, the economy and particularly vulnerable groups.

According to the report, the pandemic saw South Africa’s vulnerable middle-class transition into lower levels of poverty.

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