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OPINION | South Africans are drowning in debt. It's time to break free

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It is also important to mention your retirement savings plan, and whether you are on target to meet it.
It is also important to mention your retirement savings plan, and whether you are on target to meet it.
krisanapong detraphiphat

South African households are carrying a heavy debt burden. But, says Hannes Viljoen, it's stealing from their future. 

The Collaborative Fund's Morgan Housel put it best: "For every dollar of debt, someone else owns part of your future. For every dollar of savings you have, you own a part of your future."

According to a recent TransUnion study:

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