The average value of outstanding debt on bank overdrafts and credit cards is approximately R16,000 for households with per capita income of between R4200 and R8400 per month. For households with a per capita income of more than R8400 per month the corresponding amount is approximately R28,500. (Income and Expenditure Survey 2005/2006)

This week’s theme: Debt

Related facts:

• Indebted 6.6 million households in South Africa have debt. Almost a third...
• The good in bad debt For households which have debt to the value of R10,000 or...
• Spend Around half of the households in South Africa have a per...
• Food for thought LSM 1 households spend on average approximately R400 per month of...
• Trapped at the top 81% of South African households with daily per capita income of...