1. Momentum/Unisa South African Household Financial Wellness Index 2014 Prof B de Clercq 28 September 2015 Prof B de Clercq Debt Safari 20 October 2015

2. Score update What determines financial wellness? A peek at the affordability guidelines Rules of the game

3. Score update

4. South African Household Financial Index: 2014 nationally representative sample of 2 596 households

5. Why did our game improve? “keep calm and bat on”

6. Why did our game improve? “keep calm and bat on”

7. What determines financial wellness?

8. Types of capitals

9. Game changers

10. Strike rate categories

11. Introducing the players 4.3% of households

12. 29.4% of households

13. 38,4% of households

14. 27,9% of households

15. Players’ update

16. A peek at the affordability guidelines

17. Distribution per affordable income groups

18. Guideline norms vs reality

20. 1. Borrow from friends and family 2. Borrow from micro lender 3. Borrow from bank 4. Selling possessions 5. Working overtime Coping strategies 6. Pawning possessions 7. Selling house 8. Drawing from savings 9.Drawing from pension fund

21. Guideline norms vs reality: Financially Unstable

22. 1. Borrow from friends and family 4. Borrow from micro lender 3. Borrow from bank 5. Selling possessions 2. Working overtime Coping strategies 7. Pawning possessions 8. Selling house 6. Drawing from savings 9.Drawing from pension fund

23. Guideline norms vs reality: Financially Exposed

24. 1. Borrow from friends and family 2. Borrow from bank 5. Selling possessions 4. Working overtime Coping strategies 7. Pawning possessions 8. Selling house 6. Borrow from micro lender 9.Drawing from pension fund 3. Drawing from savings

25. Guideline norms vs reality: Financially Well

26. 1. Borrow from friends and family 2. Borrow from bank 5. Selling possessions 4. Working overtime Coping strategies 9. Pawning possessions 8. Selling house 6. Borrow from micro lender 7.Drawing from pension fund 3. Drawing from savings

27. Summary of top 5 coping strategies 1 2 3 4 5

28. Thank you