Credit stress report reveals generational credit trends in SA and how credit evolves at different life stages.
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GUEST- Andrew Fulton, Director at Eighty20
StatsSA's latest data reveals a rising median age in South Africa. For the white population, the median age rose from 33 in 1996 to 45 in 2022, while the black African population remained younger at 27. Nationally, the median age increased from 22 in 1996 to 28 in 2022. Additionally, the percentage of South Africans aged 60+ grew from 7% in 1996 to nearly 10% in 2022, with about 30% of the white population now aged 60 or older.
StatsSA's latest data reveals a rising median age in South Africa. For the white population, the median age rose from 33 in 1996 to 45 in 2022, while the black African population remained younger at 27. Nationally, the median age increased from 22 in 1996 to 28 in 2022. Additionally, the percentage of South Africans aged 60+ grew from 7% in 1996 to nearly 10% in 2022, with about 30% of the white population now aged 60 or older.