Mail & Guardian
Mail & Guardian
Neil Roets

Creator

Neil Roets

Neil Roets is the chief executive of Debt Rescue

Buying food on credit is symptomatic of a bigger problem. Consumers who have experienced a change in their financial standing, either through retrenchments or pay cuts, are in trouble and taking on more expensive debt is only going to make it worse. (Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images)
BASIC INCOME GRANT

Consumers buy cornflakes on credit

As millions join the unemployment ranks, relying on debt to make ends meet becomes more attractive

  • Neil Roets
5 min read