TransUnion Consumer Pulse Study

Namibians unable to honour monthly bills

Namibians unable to honour monthly bills

Martin Endjala About 45 percent of Namibians are struggling or unable to pay their monthly bills and loans in full as they continue to experience financial challenges due to rising inflation rates and job losses. This is according to the latest TransUnion Consumer Pulse Study for the third quarter (Q3) released this week. This shows that 20 percent of consumers had their income increased in the last three months and close to 36 percent reported a salary decrease. As a result, 56 percent of consumers have cut back on their discretionary spendings such as dining out, travel and entertainment over…
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